RWJ 7th Edition Solutions - Colby College

The percentage change in price is calculated as: Percentage change in price = (New price – Original price) / Original price (PSam% = ($965.35 – 1,000) / $1,000 = – 3.47% (PDave% = ($862.35 – 1,000) / $1,000 = – 13.76%. If the YTM suddenly falls to 8 percent: … ................
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