A $1,000 par value bond with Four years left to maturity pays an interest payment semiannually...

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A $1,000 par value bond with Four years left to maturity pays an interest payment semiannually with a 4 percent coupon rate and is priced to have a 3.5 percent yield to maturity. If interest rates surprisingly increase by 0.5 percent, by how much will the bond's price change? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Bond's price by Che A $1,000 par value bond with Four years left to maturity pays an interest payment semiannually with a 4 percent coupon rate and is priced to have a 3.5 percent yield to maturity. If interest rates surprisingly increase by 0.5 percent, by how much will the bond's price change? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Bond's price by Che

Answer rating: 100% (QA)

To calculate the change in the bonds price due to an interest rate increase you can use the bond pri... View the full answer