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A coupon bond is trading at $1080 per $1000 par value. It has a duration of 2 years. If interest rates increase by 0.1% (10
A coupon bond is trading at $1080 per $1000 par value. It has a duration of 2 years. If interest rates increase by 0.1% (10 basis points), what will be the change in bond value?
| a. | 2.16 | |
| b. | 216 | |
| c. | -2.16 | |
| d. | -216 |
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The Oxford Handbook Of Pricing Management
Authors: Ozalp Ozer, Robert Phillips
1st Edition
0199543178, 978-0199543175
