Find the bonds value if the yield for similar bonds


A company bonds are rated BBB, pay coupon interest of $120 per year, and have 10 years to maturity. The face value of the bond is $1,000. the yield for similar bonds is currently 12%, question: find the bond's value if the yield for similar bonds decreases by 200 basis points to 10%.

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Financial Management: Find the bonds value if the yield for similar bonds
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