What is the percentage change in price for a zero coupon, Financial Management

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What is the percentage change in price for a zero coupon

What is the percentage change in price for a zero coupon bond if the yield changes from 6.5% to 5.5%? The bond has a face value of $1000 and it matures in 10 years. Use the price determined from the first yield, 6.5% as the base in the percentage calculation.

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Financial Management: What is the percentage change in price for a zero coupon

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Financial Management: What is the percentage change in price for a zero coupon

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