Question: please exain to me how to do this problem with the financial calculator HP10bII+ A 20 -year bond has an 7.0% coupon rate and face
A 20 -year bond has an 7.0% coupon rate and face value of $1000. The yield to maturity is 10%. What is the percentage change in the price of this bond if interest rates rise by 2% ? Assume the bond makes semiannual. coupon payments. Approximately 16% increase Approximately 38% increase Approximately 2% decrease Approximately 16% decrease Approximately 38% decrease
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