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A 6.7% coupon bearing bond that pays interest semi-annually has a yield to maturity of 6.3%...

A 6.7% coupon bearing bond that pays interest semi-annually has a yield to maturity of 6.3% per year. If the bond has a duration of 13.2 years and the market yield decreases 32 basis points, calculate an estimate of the percent price change due to duration alone. (Answer to the nearest hundredth of a percent, i.e. 1.23 but do not use a % sign).

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Answer #1

AS YIELD HAS DECREASED, THERE WILL A PRICE INCREASE, SO POSITIVE CHANGE. THANK YOU

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