What would be the expected change to a 30-year bondrsquos, Ask an Expert

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What would be the expected change to a 30-year bond’s market price or value if its YTM increases to 10.4%? Its YTM is now 9.4%, it has an 8% annual coupon, $1000 face value, it is currently priced at $897.26, and its duration is eight years. Please show the work.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91973117

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