What is the market interest rate
Assignment:
The Price of a 8% Bond with remaining maturity of 8 years and a face value of $1,000 would change by what % if the market interest rate suddenly goes up from 10% t0 15%?
Now Priced at $20 (50% Discount)
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The Price of a 8% Bond with remaining maturity of 8 years and a face value of $1,000 would change by what % if the market interest rate.
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