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What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 6.81% ?
What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 6.81% ? Answer in dollar terms to the nearest decimals without the $ sign. Use a "-" sign to denote a price decrease. Do not use a "+" sign
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
