A 13-year 6 percent coupon bond pays interest semiannually, Ask an Expert

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A 13-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?

Is there a way to solve this on a financial calculator?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92751779

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