ramseymorrow5681 ramseymorrow5681
  • 20-03-2024
  • Business
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Jackson Central has a 6-year, 8% annual coupon bond with a 51,000 par value. Earls Enterprises Das a 12-year, 8% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturay of 6%. If the market yield increases to 7%, what happens to the price of the bonds? Show detailed calculations.

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