Firm B has a 1 3 - year, 5 . 5 percent annual coupon bond outstanding with

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Question:

Firm B has a

13 -

year,

5.5

percent annual coupon bond outstanding with a $

1, 000

par value. The bond has a yield to maturity of

6.72

percent. What is the

%

price change if the yield suddenly increases to

8.36

percent?

Posted Date: May 19, 2024 03:01 AM

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Firm B has a 1 3 - year, 5 . 5 percent annual coupon bond outstanding with

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