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A two-year bond with face value of $10,000, annual coupon of 5% per annum, yield of 6% per annum and a duration of 1.952 years.
A two-year bond with face value of $10,000, annual coupon of 5% per annum, yield of 6% per annum and a duration of 1.952 years. What is the change expected in the bond price if the yield increases to 6.5% ? Change in bond price =$ (to the nearest cent) Step by Step Solution
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The Routledge International Handbook Of Financialization
Authors: Philip Mader, Daniel Mertens, Natascha Van Der Zwan
1st Edition
1138308218, 978-1138308213
