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Western Bond: The bond of Western Company with a 12% coupon rate and a face value of $1,000 was issued in 2017. The bond pays the semi-annual coupon, and has a yield to maturity of 6%. Recently, the interest rate suddenly increased by 2%. If the bond has 10 years to maturity, analyse the percentage change in the price of the Western Bond.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92428025

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