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If an A Rated Corporate Equipment Trust Certificate (asset backed) with a coupon rate of...

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Finance

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If an A Rated Corporate Equipment Trust Certificate (asset backed) with a coupon rate of 4.4% and YTM of 4.8% has a maturity date of 9/20/32, what would its price be (assuming semiannual coupons)? Using the coupon rate above, if this 11 year bond experienced a 0.40% increase in YTM, what would its new present value be? What do your results tell you about the relationship between price and YTM...and how the length to maturity affects the sensitivity of a bond's price

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