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Tayzor Guitars has a bond outstanding with a coupon of 11 percent with semiannual payments and a yield to maturity of 8.6 percent. The bonds
Tayzor Guitars has a bond outstanding with a coupon of 11 percent with semiannual payments and a yield to maturity of 8.6 percent. The bonds mature in 18 years and have a face value of $1,000. What is the percentage change in market value if the yield to maturity increases to 8.85 percent? -2.13% -1.46% 2.18% 2.26% 0.98%
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