A 5.8 percent, 15-year bond is currently priced at $924.55. The required yield is 6.6 percent. The
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Question:
A 5.8 percent, 15-year bond is currently priced at $924.55. The required yield is 6.6 percent. The yield immediately changes to 6.7 percent.
What will be the new price of the bond?
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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