Percentage Change in the Bond Price Assignment | Homework For You
June 9th, 2020
The Corner Grocer has a 7-year, 6.5 percent semiannual coupon bond outstanding with a $1,000 par value. The bond has a yield to maturity of 5.5 percent. What will be the percentage change in the bond price if the market yield suddenly increases to 7 percent?
D. ‒8.016%. Get Finance homework help today