Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Chapter 11, Problem 6PS
Summary Introduction

To explain:

The effect of change on bond's price corresponding to changes in yield to maturity.

Introduction:

The effect of change in bond's price if there are changes in yield to maturity depends on the relation between prices of bonds and interest rate because the yield to maturity is affected by interest rate of the bond.

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