If the required yield rises to 12 what is the percentage


Now, you are going to do pretty much the same thing in this problem as you did in the last. This problem concerns your second bond. This second bond has a 11.25% coupon, pays coupons annually, matures in 12 years, and yields 10%. If the required yield rises to 12%, what is the percentage price change? Answer in percent to three decimal places.

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Financial Management: If the required yield rises to 12 what is the percentage
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