A 6.25 percent coupon bond with 15 years left to maturity is priced to offer a 7.5 percent yield to maturity. You believe that in one the yield to maturity will be 7.0 percent. Assuming semiannual interest payments, what is the change in price the bond will experi in dollars? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Change in bond price $ 44.54

A 6.25 percent coupon bond with 15 years left to maturity is priced to offer a 7.5 percent yield to maturity. You believe that in one the yield to maturity will be 7.0 percent. Assuming semiannual interest payments, what is the change in price the bond will experi in dollars? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Change in bond price $ 44.54

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter14: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6DTM

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