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Assuming today's date, calculate the change in bond value of a hypothetical $100,000 investment if interest rates increases by 1%. Provide the same estimation for
Assuming today's date, calculate the change in bond value of a hypothetical $100,000 investment if interest rates increases by 1%. Provide the same estimation for 1% decrease as well. https://www.morningstar.com/funds/xnas/fcbfx/quote
Fee Level NAV / 1-Day Return 10.93 / 0.36% Longest Manager Tenure Total Assets 3.8 Bil Adj. Expense Ratio 0.450% Expense Ratio 0.450% Below Average 11.96 years Category Credit Quality / Interest Rate Sensitivity Medium / Moderate Min. Initial Investment 0 Status Open TTM Yield 2.71% Effective Duration 7.80 years Corporate Bond USD NAV as of Apr 18, 2022 1-Day Return as of Apr 18, 2022, 5:30 PM GMT-04:00 Investment Category 1.10 Index 0.75 0.97 Risk & Volatility Measures Trailing Alpha Beta R2 Sharpe Ratio Standard Deviation 1.55 1.50 1.38 55.95 61.77 61.79 0.34 0.34 0.31 7.85 7.51 7.59 Fee Level NAV / 1-Day Return 10.93 / 0.36% Longest Manager Tenure Total Assets 3.8 Bil Adj. Expense Ratio 0.450% Expense Ratio 0.450% Below Average 11.96 years Category Credit Quality / Interest Rate Sensitivity Medium / Moderate Min. Initial Investment 0 Status Open TTM Yield 2.71% Effective Duration 7.80 years Corporate Bond USD NAV as of Apr 18, 2022 1-Day Return as of Apr 18, 2022, 5:30 PM GMT-04:00 Investment Category 1.10 Index 0.75 0.97 Risk & Volatility Measures Trailing Alpha Beta R2 Sharpe Ratio Standard Deviation 1.55 1.50 1.38 55.95 61.77 61.79 0.34 0.34 0.31 7.85 7.51 7.59Step by Step Solution
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