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You own the bond below and interest rates change day over day. Estimate the new price of the bond (tomorrow) after the given yield change.
You own the bond below and interest rates change day over day. Estimate the new price of the bond ("tomorrow") after the given yield change. Use only the information given.
- Current Price: 94
- Modified Duration: 2.1 yrs
- Est Yield Change: 0.29%
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Islamic FinanceA Practical Perspective
Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam
1st Edition
3319665588, 9783319665580
