Royal Shipping has a 3-year,7%semi-annual coupon bond with a $1000 par value. The bond currently has a
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Royal Shipping has a 3-year,7%semi-annual coupon bond with a $1000 par value. The bond currently has a yield to maturity of 6.5%.What is the percentage change in the current value of the bond if the market yield increases to 8.5%?
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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