Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A 6.6% semiannual pay NYC bond has exactly 12 years to maturity and is currently trading at 102.
What is the bond's current YTM? Assuming a 50 basis point increase in yield, what's the bond new
price? Assuming a 75 basis point decrease in yield, what's the bond new price?
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Transcribed Image Text:A 6.6% semiannual pay NYC bond has exactly 12 years to maturity and is currently trading at 102. What is the bond's current YTM? Assuming a 50 basis point increase in yield, what's the bond new price? Assuming a 75 basis point decrease in yield, what's the bond new price?
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