A bond has a duration of 7.81 with a yield-to-maturity of 6.1. The current bond price is
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A bond has a duration of 7.81 with a yield-to-maturity of 6.1. The current bond price is $1,124.61. Convexity for this bond is determined to be 98.84. What would be the bond's new price if interest rates suddenly increased by 1.4%? State your answer as a dollar amount with two decimal places.
Related Book For
Essentials of Investments
ISBN: 978-0077835422
10th edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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