Question: Question 4 1 pts Bond Features Maturity (years) = 19 Face Value - $1,000 Starting Interest Rate 3.51% Coupon Rate = 3% Coupon dates (Annual)
Question 4 1 pts Bond Features Maturity (years) = 19 Face Value - $1,000 Starting Interest Rate 3.51% Coupon Rate = 3% Coupon dates (Annual) If interest rates change from 3.51% to 6.96% Immediately after you buy the bond today (and stay at the new interest rate), what is the price effect in year 6 ? State your answer to the nearest penny (e.g. 48.45) If there is a loss, state your answer with a negative sign (e.g.-52.30)
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