Question: I need help on this please. Question 9: One year ago, XYZ Co. issued 20-year bonds at par. The bonds have a coupon rate of
I need help on this please.
Question 9:
One year ago, XYZ Co. issued 20-year bonds at par. The bonds have a coupon rate of 6.48 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 6.8 percent. What is the percentage change in the bond price over the past year? Answer to two decimals
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