Question
What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%?Its YTM is now 8.5%, it
What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%?Its YTM is now 8.5%, it has an 8% annual coupon, $1,000 face value, it is currently priced at $897.26, and its duration is8 years.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
