A 10 year zero coupon bond has a face value of 1 000 If its

Last updated: 1/1/2023

A 10 year zero coupon bond has a face value of 1 000 If its YTM changes from 5 to 6 what is the resulting dollar value change in its price Use the price determined from the first yield 5 as the base in your calculation Round to the nearest cent e g 62 891 62 89 Hint price change P2 P1 where P1 is the value at YTM 5 and P2 is the value at YTM 6 If the price dropped answer should be negative