Question
Suppose that you decided to purchase the bond described above for the calculated price. Now assume that immediately after you purchased the bond, the rate
Suppose that you decided to purchase the bond described above for the calculated price. Now assume that immediately after you purchased the bond, the rate rises by 15 Basis Points. What will now be the price of the bond after this rise in rates? (Round your answer to two decimal place, e.g. 9,274.36)
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
