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Business, 29.05.2021 02:20 deaishaajennings123

A $1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the percentage change in the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent

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A $1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the perce...
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