You bought a bond one year ago for $1,070.85. This bond pays a semi-annual coupon at the rate of 8.4% and matures 19 years from today. What is the percentage change in price from last year until today if interest rate have fallen and a fair yield for this bond is now 7.2%? (a) + 10.34% (b) + 4.89% (c) - 17.16% (d) + 4.66% (e) - 4.66%
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You bought a bond one year ago for $1,070.85. This bond pays a semi-annual coupon at the rate of 8.4% and matures 19 years from today. What ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » You bought a bond one year ago for $1,070.85. This bond pays a semi-annual coupon at the rate of 8.4% and matures 19 years from today.