Question
PIMCO manages a client bond portfolio currently valued at $235 million. The portfolio's Macaulay duration is 5.7 and the weighted average YTM is 4%. Using
PIMCO manages a client bond portfolio currently valued at $235 million. The portfolio's Macaulay duration is 5.7 and the weighted average YTM is 4%. Using the modified duration approx. what id the estimated value of the portfolio if interest increases by 1% (100 basis points)?
- using a TI-84 Calculator
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
