What is the percentage change in price of a $1,000 face value 8% coupon bond whose price has varied from $1,020 to $1,050?
A)$30.00
B)2.9%
C)2.94%
D)$50.00

Name: What is the percentage change in price of a $1,000 face value 8% coupon bond whose price has varied from $1,020 to $1,050? A)$30.00 B)2.9% C)2.94% D)$50.00
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Question

Quizplus · Accepted Answer

The percentage change in price is calculated as ((New Price - Old Price) / Old Price) * 100. So, (($1,050 - $1,020) / $1,020) * 100 = 2.94%.

What Is the Percentage Change in Price of a $1,000