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Business, 04.08.2021 18:10 fixianstewart

The Faulk Corp. has a 4 percent coupon bond outstanding. The Gonas Company has a 10 percent bond outstanding. Both bonds have 17 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds

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The Faulk Corp. has a 4 percent coupon bond outstanding. The Gonas Company has a 10 percent bond out...
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