a nine year bond paying coupons annually has a yield of 10% and a duration...

90.2K

Verified Solution

Question

Finance

a nine year bond paying coupons annually has a yield of 10% and a duration of 7.179 years. If the bond yield changes by 75 basis points what is the percentage change in the bond price?

change in bond price increase? or Decrease? price

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students