Problema 1000 par value bond with six years left to, Ask an Expert

Finance

Problem:

A $1,000 par value bond with six years left to maturity pays an interest payment semiannually with a 6 percent coupon rate and is priced to have a 5.6 percent yield to maturity. If interest rates surprisingly increase by 0.5 percent, by how much would the bond's price change? Explain in detail and provide explanation.

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Category:- Basic Finance
Reference No.:- M91145952

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