Question
Given a bond that trades at price 106 with modified duration 6 years and convexity 282 years^2, if the bond's yield decreases by 29 basis
Given a bond that trades at price 106 with modified duration 6 years and convexity 282 years^2, if the bond's yield decreases by 29 basis points, what is your estimate of the new bond price (to nearest 0.01)?
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Handbook Of Digital Currency Bitcoin Innovation Financial Instruments And Big Data
Authors: David Lee Kuo Chuen
1st Edition
0128021179, 978-0128021170
