In: Finance
One year ago, XYZ Co. issued 11-year bonds at par. The bonds have a coupon rate of 6.29 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.31 percent. What is the percentage change in the bond price over the past year? Answer to two decimals
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
As nothing was mentioned excel is used.