Question
22. You have a 25-year maturity, 10.9% coupon, 10.9% yield bond with a duration of 10 years and a convexity of 136.4. If the interest
22.
| You have a 25-year maturity, 10.9% coupon, 10.9% yield bond with a duration of 10 years and a convexity of 136.4. If the interest rate were to fall 134 basis points, your predicted new price for the bond (including convexity) is _________. |
$1,133.00
$1,108.55
$1,120.80
$1,090.17
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Auditing Cases
Authors: Frank A. Buckless, Mark. S. Beasley, Steven M. Glover, Douglas F. Prawitt
1st Edition
978-0130800015
