Multiple Choice
The Beta Co.bonds have a maturity of 13 years,a face value of $1,000,a coupon rate of 6.5 percent,and pay interest annually.What is the percentage change in the price of these bonds if the market yield rises to 6.9 percent from its current level of 6.5 percent?
A) -3.40%
B) -3.36%
C) 3.40%
D) 3.36%
E) -4.13%
Correct Answer:
Verified
Correct Answer:
Verified
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