Using the Duration Rule, estimate the new price of a bond with the following characteristics: A...
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Using the Duration Rule, estimate the new price of a bond with the following characteristics: A 4-year semiannual 7% coupon bond is selling at $1,032.14 with a yield of 6.08%. It's modified duration is 3.46. If the yield jumps to 8.08%, what is the estimated new price? (Do not round Intermediate calculations. Round final answer to two decimal places i.e. 123.45. Input your answer as a positive value.) Numeric Response. Using the Duration Rule, estimate the new price of a bond with the following characteristics: A 4-year semiannual 7% coupon bond is selling at $1,032.14 with a yield of 6.08%. It's modified duration is 3.46. If the yield jumps to 8.08%, what is the estimated new price? (Do not round Intermediate calculations. Round final answer to two decimal places i.e. 123.45. Input your answer as a positive value.) Numeric Response. Using the Duration Rule, estimate the new price of a bond with the following characteristics: A 4-year semiannual 7% coupon bond is selling at $1,032.14 with a yield of 6.08%. It's modified duration is 3.46. If the yield jumps to 8.08%, what is the estimated new price? (Do not round Intermediate calculations. Round final answer to two decimal places i.e. 123.45. Input your answer as a positive value.) Numeric Response. Using the Duration Rule, estimate the new price of a bond with the following characteristics: A 4-year semiannual 7% coupon bond is selling at $1,032.14 with a yield of 6.08%. It's modified duration is 3.46. If the yield jumps to 8.08%, what is the estimated new price? (Do not round Intermediate calculations. Round final answer to two decimal places i.e. 123.45. Input your answer as a positive value.) Numeric Response.
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Related Book For
ISE Essentials Of Investments
ISBN: 9781265450090
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
Posted Date:
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