Question
A bond is currently trading for 98.722 per 100 of par value. If the bonds yield to maturity rises by 10 basis points, the bonds
A bond is currently trading for 98.722 per 100 of par value. If the bonds yield to maturity rises by 10 basis points, the bonds price is expected to fall to 98.669. If the bonds yield to maturity decreases by 10 basis points, the bonds price is expected to increase to 98.782. What is the bonds convexity?
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Real Estate Finance Theory And Practice
Authors: Terrence M. Clauretie, G. Stacy Sirmans
5th Edition
0324305508, 9780324305500
