Question
A 9-year bond has a yield of 6% and a duration of 7.982 years. If the market yield changes by 35 basis points, what is
| A 9-year bond has a yield of 6% and a duration of 7.982 years. If the market yield changes by 35 basis points, what is the percentage change in the bonds price? |
The percentage change in the bonds price is%? decrease or increase?
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
