What would be the expected change to a 30-year bond's market
Question # 00530394
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Updated on: 05/19/2017 05:54 AM Due on: 05/19/2017
What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%? Its YTM is now 9%, it has an 8% annual coupon, $1,000 face value, it is currently priced at $897.26, and its duration is eight years. (Points : 20)
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Solution: What would be the expected change to a 30-year bond's market