Question
A 8% semiannual coupon bond with a current price of $98 per $100 of par value, a modified duration of 5 years and a convexity
A 8% semiannual coupon bond with a current price of $98 per $100 of par value, a modified duration of 5 years and a convexity of 10. If YTM decrease by 100bps, what is the estimated change in the bond price?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
