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please do not round until the end and round to 3 deciaml places im not sure what is unclear. all the info is clearly stated
please do not round until the end and round to 3 deciaml places
im not sure what is unclear. all the info is clearly stated
this is the full question. you just fill in the blanks please refund me the question its past due
6) IT is April 19, 2017. You have a $10,000 semi-annual bond with a coupon rate of 2.125% which matures February 17, 2036. The bond is priced to yield 11.125%, the duration is 11.87 years, and the convexity is 177.61 years squared. Using a duration estimate only, we predict that if market yields increase by 200 basis points then the price of this bond will decrease by % The convexity correction is calculated as So the total decrease in price is predicted to be % % Step by Step Solution
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