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Bond Dave has a 6 percent coupon rate, makes semiannual payments, a 9 percent YTM, and 14 years to maturity. If interest rates suddenly rise
Bond Dave has a 6 percent coupon rate, makes semiannual payments, a 9 percent YTM, and 14 years to maturity. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).
You purchase a bond with an invoice price of $1,033. The bond has a coupon rate of 6 percent, and there are 5 months to the next semiannual coupon date. What is the clean price of the bond? Enter the answer with 2 decimals (e.g. 954.23).
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