Question
What happens to the coupon rate of a $1,000 face value bond that pays $70 annually in interest if market interest rates change from 9%
What happens to the coupon rate of a $1,000 face value bond that pays $70 annually in interest if market interest rates change from 9% to 10%?
The coupon rate increases to 10%
The coupon rate remains at 9%
The coupon rate remains at 7%
The coupon rate decreases to 8%
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Interest Rate Swaps And Their Derivatives A Practitioners Guide
Authors: Amir Sadr
1st Edition
0470443944, 978-0470443941
