there is a 4.8 percent coupon bond with six years to maturity and a current price of $1,048.30. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places. Omit the "$" sign in your response.) Dollar value $

Answer rating: 100% (QA)

To calculate the dollar value of an 01 for a bond we need to consider the bonds characteristic... View the full answer