Question
A bond with a duration of 8.6 has a current price of $1,125.17, and its yield to maturity is 7.76%. If the yield to maturity
A bond with a duration of 8.6 has a current price of $1,125.17, and its yield to maturity is 7.76%. If the yield to maturity changes to 7.35%, you would predict that the new value of the bond will be _________. State your answer as a dollar amount with two decimal places.
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The Emerging Markets Handbook
Authors: Pran Tiku
1st Edition
0857192981, 978-0857192981
