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Accounting
Tutor: None Selected Time limit: 1 Day

What is the percentage change in price for a zero coupon bond if the yield changes from 7.5% to 8.5%? The bond has a face value of $1,000 and it matures in 11 years. Use the price determined from the first yield, 7.5% as the base in percentage calculation. (Round to two decimal Places)

Jul 5th, 2015

Thank you for the opportunity to help you with your question!

Thank you for the opportunity to help you with your question!

15.22

Please let me know if you need any clarification. I'm always happy to answer your questions.Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 5th, 2015

Incorrect answer. The answer was -9.68

Jul 5th, 2015

oooh too bad i made an error...am sorry

Jul 5th, 2015

you wanna try another one?


Jul 5th, 2015

right am a bit tired thats why...could we please do this later?

Jul 5th, 2015

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Jul 5th, 2015
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