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The price of a fixed - coupon bond changes in the opposite direction to a change in the required yield because: Question 3 options: The
The price of a fixedcoupon bond changes in the opposite direction to a change in the required yield because:
Question options:
The present value of the cash flow decreases
The future value of the cash flow decreases
The cash flows are no longer certain
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
