Question
A $1,000 par value bond with 9 years left to maturity pays an interest payment semiannually with a 4 percent coupon rate and is priced
A $1,000 par value bond with 9 years left to maturity pays an interest payment semiannually with a 4 percent coupon rate and is priced to have a 3.4 percent yield to maturity. If interest rates surprisingly change by -0.36 percent, by how much would the bonds price change?
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Private Funds Where And How
Authors: Dechert LLP
2018 Edition
152650300X,1526503018
