A 65 coupon bearing bond that pays interest semi-annually, Ask an Expert

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A 6.5% coupon bearing bond that pays interest semi-annually has a yield to maturity of 8.2% per year. This bond has a duration of 13.1 years and a convexity of 134. If the market yield decreases 64 basis points, calculate an estimate of the percent price change due to both duration and convexity. (Answer to the nearest hundredth of a percent, i.e. 1.23 but do not use the % sign).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92861009

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