Question: Using the formula given below: R bonds = F P P , if the market price of a $1,200-face-value discount bond changes from $900 to
Using the formula given below:
Rbonds = F PP,
if the market price of a $1,200-face-value discount bond changes from $900 to $925, the yield to maturity
decreases or increases by enter your response here%. (Round your response to two decimal places.)
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