Question: A 5 - year, $ 1 , 0 0 0 par value bond pays an annual coupon rate of 6 % . It is selling

A 5-year, $1,000 par value bond pays an annual coupon rate of 6%. It is selling at a price of
958.42 and a yield to maturity of 7%. Coupon is paid semiannually. If the price increases by
$50, what is the yield value of the price change for this bond?
9.58
1.20
7.00
0.20
A 5-year, $1,000 par value bond pays an annual coupon rate

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