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What are the changes in the following bond's prices if the yield to maturity changes to 9% and 11%, respectively? Time to maturity: 5 years
What are the changes in the following bond's prices if the yield to maturity changes to 9% and 11%, respectively?
- Time to maturity: 5 years
- Annual coupon rate: 10% (Annual Compounding)
- Current Yield to maturity (YTM): 10
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-$39; -$37
$37; -$39
$39; -$37
-$37; $39
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