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Excel Finance holds loans that guarantee they receive repayments of $1,000,000 in one year, $2,000,000 in two years, and $2,000,000 in six years. They also
Excel Finance holds loans that guarantee they receive repayments of $1,000,000 in one year, $2,000,000\ in two years, and $2,000,000 in six years. They also have issued bonds that require them to make\ payments of $300,000 at the end of each of the next three years and $3,000,000 in four years. Cal-\ culate the relative price change of Excel Finances porfolio when the yield rate changes from 0.05 to\ 0.051.
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