Swanson, Inc.bonds have a 12% coupon rate with semi-annual coupon payments. They have 15 years to maturity
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Question:
Suppose you decide to buy the bond, and immediately afterwards interest rates decrease by 1.0% How much value has the bond gained or lost?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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