30-year bonds with an annual interest rate of 8 per cent are sold at 9%YTM.  Current price is $897.26, and Macaulay's lifespan is 11.37 years.   1. Estimate changes in bond prices.

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Chapter6: Bonds (debt) - Characteristics And Valuation
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30-year bonds with an annual interest rate of 8 per cent are sold at 9%YTM.  Current price is $897.26, and Macaulay's lifespan is 11.37 years.

 

1. Estimate changes in bond prices.

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