Homework answers / question archive / Assume you have a 20-year semi-annual zero-coupon bond with $1,000 face value

Assume you have a 20-year semi-annual zero-coupon bond with $1,000 face value

Finance

Share With

Assume you have a 20-year semi-annual zero-coupon bond with $1,000 face value. The market rate increases from 3% to 4%. What is the change in the bond's market value? 

Group of answer choices

$98

-$111

-$98

$111

No change