Question
A 6% coupon bond pays interest semi-annually, has modified duration of 10, sells for $800, and is priced at a yield to maturity (YTM) of
A 6% coupon bond pays interest semi-annually, has modified duration of 10, sells for $800, and is priced at a yield to maturity (YTM) of 8%. If the YTM increased to 9%, what is the new predicted price of this bond?
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
