Question
Question 2 Suppose a hypothetical bond is currently priced at $975. Its Macauley duration is 12.73 years. Yield-to-maturity is 6.0%. Interest is paid semi-annually. If
Question 2
Suppose a hypothetical bond is currently priced at $975. Its Macauley duration is 12.73 years. Yield-to-maturity is 6.0%. Interest is paid semi-annually. If market interest rates decrease by 15 basis points, estimate the new bond price. You may round to the nearest dollar. Show all calculations.
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Handbook Of Research On Theory And Practice Of Financial Crimes
Authors: Abdul Rafay
1st Edition
1799855678, 978-1799855675
