A bond has a duration of 7.2 and the current yield-to-maturity is 5.49%. If the current bond's price is $1,116.47 what i

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answerhappygod
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A bond has a duration of 7.2 and the current yield-to-maturity is 5.49%. If the current bond's price is $1,116.47 what i

Post by answerhappygod »

A bond has a duration of 7.2 and the current yield-to-maturity
is 5.49%. If the current bond's price is $1,116.47 what is
predicted to be the bond's new price if interest rates suddenly
jump upwards by 0.57%? State your answer as a dollar amount with
two decimal places.
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