Rapture Marine Corporation has $1,000 face value bonds issued with a 6% coupon. They mature in 10
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Rapture Marine Corporation has $1,000 face value bonds issued with a 6% coupon. They mature in 10 years, require semi-annual payments and currently have a yield to maturity of 8%. What will happen to the price of the bond if the market interest rate suddenly drops to 4%?
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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