Question

Four years ago, JF Delisle purchased Procom's 15-year, 4.5% bonds at par. He notes the price...

Four years ago, JF Delisle purchased Procom's 15-year, 4.5% bonds at par. He notes the price has changed to 102.85 and he calculates the change in yield as:

A.

0.07%.
B.

0.33%
C.

0.26%.
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Answer #1

cal:

nper is number of years to maturity,

pmt is periodic coupon payments of bond,

pv is current price and

fv is future value

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