question archive North South Company has bonds with 20 years to maturity, a face value of $1,000
North South Company has bonds with 20 years to maturity, a face value of $1,000
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North South Company has bonds with 20 years to maturity, a face value of $1,000. coupon rate of 9 percent and YTM of 7 percent. The company makes semiannual payments. What is the percentage change in the price of this bond if the market yield suddenly decreases to 5 percent? a. 17.39 percent b. 10.22 percent c. 19.03 percent d. 13.92 percent e. 23.77 percent
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