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Abacus Ltd is an investment fund that specializes in fixed income securities. At the end of 2010 the fund's bond portfolio has the following information

Abacus Ltd is an investment fund that specializes in fixed income securities. At the end of 2010 the fund's bond portfolio has the following information 2 Assume that the yield to maturity on each bond increases by 4%, calculate (i) The percentage by which the price of each bond will decrease (ii) The amount in cedis by which the price of each bond will decrease (iii)The percentage and the cedi decrease in the total value of the portfolio

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