A bond that pays $10,000 in 6 years is offered for sale at a price P. The percentage
Chapter 4, Problem 14(choose chapter or problem)
A bond that pays $10,000 in 6 years is offered for sale at a price P. The percentage yield Y of the bond is Y = 10010,000 P 1/6 1 Verify that if P = $7500, then Y = 4.91%. Estimate the drop in yield if the price rises to $7700.
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