Corporate FInace Assignment/ Professional Essay Writers
A $1,000 bond with a coupon rate of 7% paid semiannually has eight years to maturity and a yield to maturity of 7%. decreases by 0.8%, what will happen to the price of the bond?
A. Rise by $69.81.
B. Rise by $49.86.
C. Fall by $59.83.
D. Fall by $49.86. Get Finance Help Today
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