A bond has a duration of 7.81 with a yield-to-maturity of 6.1. The current bond price is $1,124.61. Convexity for this bond is determined to be 98.84. What would be the bond's new price if interest rates suddenly increased by 1.4%? State your answer as a dollar amount with two decimal places.

Answer rating: 100% (QA)

Absolutely I can help you calculate the new bond price Given the following information Duration D 78... View the full answer