Business, 19.03.2020 08:16 svarner2001

The Penn Railways has a 7-year, 6.5 percent semiannual coupon bond outstanding with a $1,000 par value. The bond has a yield to maturity of 5.5 percent. What will happen to the bond price if the market yield suddenly increases to 7 percent?

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The Penn Railways has a 7-year, 6.5 percent semiannual coupon bond outstanding with a $1,000 par val...

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