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blankship blankship
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2 years ago
Jordan bought a 4% semi-annual coupon bond with 25 years to maturity at par value of $1,000.  If the required rate of return (yield to maturity) of this bond increases to 4.25%, by how much does the value of the bond change?

▸ the price falls by $37.04

▸ the price increases by $39.28

▸ the price falls by $38.27

▸ The value does not change if Jordan intends to hold the bond to maturity.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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goodone14goodone14
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blankship Author
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2 years ago
Just got PERFECT on my quiz
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