Card No11 1.Hastings Motors has bonds outstanding with 12 years left until maturity. The bonds have...
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Card No11 1.Hastings Motors has bonds outstanding with 12 years left until maturity. The bonds have a $1,000 par value and an 8 percent annual coupon. Currently, the bonds sell at a price of $1,025. What will be the percentage increase in the annual coupon bond's price if the yield to maturity were to immediately fall by one percentage point (100 basis points)? (5 marks) $1.50 per share. For the Card No11 1.Hastings Motors has bonds outstanding with 12 years left until maturity. The bonds have a $1,000 par value and an 8 percent annual coupon. Currently, the bonds sell at a price of $1,025. What will be the percentage increase in the annual coupon bond's price if the yield to maturity were to immediately fall by one percentage point (100 basis points)? (5 marks) $1.50 per share. For the
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