Question
A bond has a duration of 3.817 years, a yield of 5.985% pa and a price of $109.621614 per $100 par value. If the yield
A bond has a duration of 3.817 years, a yield of 5.985% pa and a price of $109.621614
per $100 par value. If the yield changes to 5.885% pa then the new price per $100 par
value will be approximately:
a.$109.5821
b.$109.6611
c.$110.0164
d.$113.5696
e. $114.5921
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
