A $5,000 bond with a coupon rate of 6% paid semiannually has nine years to maturity and a yield to maturity of 6.6%. I
Posted: Sun Jul 03, 2022 12:54 pm
A $5,000 bond with a coupon rate of 6% paid semiannually hasnine years to maturity and a yield to maturity of 6.6%. Ifinterest rates fall and the yield to maturity decreases by 0.8%,what will happen to the price of the bond?