If the nominal market rate of interest rises 150 basis


You have the following bond: $10,000 par value, Coupon of 8.6%, semi-annual compounding, 11 years to maturity, Mkt. Rate of Interest of 9.2%. If the nominal market rate of interest rises 150 basis points, by how much does the bond price change?

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Financial Management: If the nominal market rate of interest rises 150 basis
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