CORPORATE FINANCE
CORPORATE FINANCE
12th Edition
ISBN: 9781307702804
Author: Ross
Publisher: MCG/CREATE
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Chapter 8, Problem 19QAP
Summary Introduction

Introduction: Price of bond is the total of present value of interest payments and present value of principal repayment.

To compute: Percentage change in price of bonds and interest rate risk of lower coupon bonds

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CORPORATE FINANCE

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