A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000.

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A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the

current rate of 5.5 percent?

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Posted Date: Feb 29, 2024 11:26 PM

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A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000.

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Introduction to Corporate Finance What Companies Do

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