A bond has a par value of $1,000, a coupon rate of 6.60 percent (paid annually), and
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on this bond is 9.95 percent and it increases 55 basic points. Calculate the percentage change in the value of the bond.
Related Book For
Fundamentals Of Financial Management
ISBN: 9780357517574
16th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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