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The coupon paying bonds of GCV Ltd mature in 5 years and pay an annual coupon of 6%. The yield to maturity on these bonds
The coupon paying bonds of GCV Ltd mature in 5 years and pay an annual coupon of 6%. The yield to maturity on these bonds is 6% p.a. If market interest rates rise, what is most likely to happen to the price of the bonds?
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Authors: Leon Simonds
1st Edition
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