A bond with a $1,000 par, 4 years to maturity, a coupon rate of 4%, and annual
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A bond with a $1,000 par, 4 years to maturity, a coupon rate of 4%, and annual payments has a yield to maturity of 4.1%. What will be the actual percentage change in the bond price if the yield changes instantaneously to 5.3%? (If your answer is, e.g., 1.123%, enter it as 1.123.)
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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