Business, 02.07.2021 16:30 kassimh495

Laurel, Inc., and Hardy Corp. both have 7.3 percent coupon bonds outstanding, with semiannual interest payments, and both are currently priced at the par value of $1,000. The Laurel, Inc., bond has 4 years to maturity, whereas the Hardy Corp. bond has 23 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds

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Laurel, Inc., and Hardy Corp. both have 7.3 percent coupon bonds outstanding, with semiannual intere...

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