Question: A five - year zero coupon bond and 1 5 - year zero coupon bond both carry a price of $ 7 , 5 0

A five-year zero coupon bond and 15-year zero coupon bond both carry a price of $7,500 and a market rate of 8 percent. Assuming that the market rates on both bonds fall to 7 percent, calculate the percentage change in each bond's price using equation 6.2.
A five-year zero coupon bond and 15-year zero coupon bond both

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