A13-year, 6 percent coupon bond pays interest semiannually. the bond has a face value of $1,000. what is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent? select one:
a. 1.79 percent
b. β1.79 percent
c. β1.38 percent
d. β1.64 percent
Answers: 1
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A13-year, 6 percent coupon bond pays interest semiannually. the bond has a face value of $1,000. wha...
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