Question
A bond's modified duration is -1.348% and its convexity is .321%. What is the approximate new price of the bond given the initial price of
A bond's modified duration is -1.348% and its convexity is .321%. What is the approximate new price of the bond given the initial price of $99.05?
Group of answer choices
$98.02
$97.70
$97.38
$99.37
--- I GOT 98.02 but im not sure---Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
