Analyse the percentage change in the price of the western


Western Bond: The bond of Western Company with a 12% coupon rate and a face value of $1,000 was issued in 2017. The bond pays the semi-annual coupon, and has a yield to maturity of 6%. Recently, the interest rate suddenly increased by 2%. If the bond has 10 years to maturity, analyse the percentage change in the price of the Western Bond.

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Financial Management: Analyse the percentage change in the price of the western
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