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What happens to the price of a 3-year bond (with par value $1,000) with an 8% coupon when interest rates change from 8 to 6%?
What happens to the price of a 3-year bond (with par value $1,000) with an 8% coupon when interest rates change from 8 to 6%?
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
