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Business & Finance
Tutor: None Selected Time limit: 1 Day

What is the percentage change in price for a zero coupon bond if the yield changes from 8.5% to 9%? The bond has a face value of $1,000 and it matures in 15 years. Use the price determined from the first yield, 8.5% as the base in percentage calculation. (Round to two decimal Places)

 

Jul 6th, 2015

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6.2 %.......................................................................................

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Jul 6th, 2015

Round 2 decimal places??


Jul 6th, 2015

6.20%

Jul 6th, 2015

states that this answer 6.2/6.20 is incorrect???

Jul 6th, 2015

oh!...sorry i gave my best....coupons kind of challenge..i always find myself in need of more time whenever i'm  doing them....

Jul 6th, 2015

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Jul 6th, 2015
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