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Three years ago. JF Delisle purchased Procom's 18-year, 4.75% bonds at par. He notes the price has changed to 96.90 and he calculates the change
Three years ago. JF Delisle purchased Procom's 18-year, 4.75% bonds at par. He notes the price has changed to 96.90 and he calculates the change in yield as:
A.
0.26%.
B.
0.30%
C.
0.03%.
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
