Business
Business, 22.08.2019 17:30, jude40

One year ago, you purchased a $1,000 face value bond for a clean price of $980. the bond currently has seven years remaining until maturity, pays a coupon payment of $45 every six months, and has a yield to maturity of 6.87 percent. what is the percentage change in the bond price over the past year?
a. -6.24 percent. b. –14.70 percent. c. 15.48 percent. d. 13.96 percent. e. 6.61 percent.

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One year ago, you purchased a $1,000 face value bond for a clean price of $980. the bond currently h...

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