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A five year to maturity bond with a current price of 957.88 has a YTM of 6%, coupon rate of 5%, and a duration of
A five year to maturity bond with a current price of 957.88 has a YTM of 6%, coupon rate of 5%, and a duration of 4.535. If interest rates increase by 47 basis points, what is the predicted price of the bond after the rate change (use duration approximation). Round your answer to two decimal places.
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Banking With Integrity The Winners Of The Financial Crisis
Authors: Dr Heiko Spitzeck , Dr Michael Pirson, Dierksme , Dr. Heiko Spitzeck , Prof. Claus Dierksmeier, Dr. Michael Pirson
1st Edition
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