A $50,000 Petronas Corp. bond carrying a 12% coupon is currently priced to yield 4% compounded ...

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A $50,000 Petronas Corp. bond carrying a 12% coupon is currently priced to yield 4% compounded ...

A $50,000 Petronas Corp. bond carrying a 12% coupon is currently priced to yield 4% compounded semiannually until maturity. If the bond price abruptly falls by $1,250, what is the change in the nominal yield to maturity if the bond has four years remaining to maturity?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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doggerfresh Author

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Thank you, thank you, thank you!

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