Question
A bond has a FV of $1,000, a price of $1,001, YTM of 6.2% and a duration of 7.883. What is the $ change in
A bond has a FV of $1,000, a price of $1,001, YTM of 6.2% and a duration of 7.883. What is the $ change in the price of the bond when its YTM falls by 0.25%? [Note: the question asks for the change in price rather than the new price.]
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
