A corporate bond with a 7100 percent coupon has eleven, Finance Basics

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A corporate bond with a 7100 percent coupon has eleven

A corporate bond with a 7.100 percent coupon has eleven years left to maturity. It has had a credit rating of BB and a yield to maturity of 8.9 percent. The firm has recently become more financially stable and the rating agency is upgrading the bonds to BBB. The new appropriate discount rate will be 7.8 percent.

What will be the change in the bond's price in dollars?

What will be the change in the percentage terms?

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Finance Basics: A corporate bond with a 7100 percent coupon has eleven

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Finance Basics: A corporate bond with a 7100 percent coupon has eleven

Reference No:- TGS0597205

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Ask an Expert for Answer!!

Finance Basics: A corporate bond with a 7100 percent coupon has eleven

Reference No:- TGS0597205

Recent Questions Asked Finance Basics

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