"Suppose you buy a 30 year zero coupon bond with a face value of $1000 and...

"Suppose you buy a 30 year zero coupon bond with a face value of $1000 and a 4% annual interest rate, compounded semi-annually. 1 minute after you buy the bond, the interest rate on this bond falls to 3%, compounded semi-annually. What is the percent change in the bond price?

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jeff jeffy answered 1 year ago

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