Business
Business, 19.12.2021 21:40, eweqwoewoji

A 20 20-year bond with annual coupons has a face value of $ 1 , 000. $1,000. The current yield is 7.75 % 7.75% and the modified duration of the bond at this yield rate is 9.78. 9.78. If the yield rate drops to 7.50 % , 7.50%, the price of the bond increases by $ 27.38 $27.38 using the first-order modified approximation. Determine the coupon rate of the bond.

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A 20 20-year bond with annual coupons has a face value of $ 1 , 000. $1,000. The current yield is 7....

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