An 8.000% semi-annual coupon corporate bond that matures on 3/15/25, is purchased for settlement on 4/15/21. The yield to maturity is 6.333% quoted on a street convention semiannual bond basis (APR2). Accrued interest is calculated using the 30/360 day count convention.
For the bond in problem above, if the yield to maturity rises by 65 basis points (bps), use the modified duration to calculate the new full bond price.
For the bond in problem above, if the yield to maturity falls by 80 basis points (bps), use the modified duration to calculate the new full bond price. Remember to use at least 3 decimal places.
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An 8.000% semi-annual coupon corporate bond that matures on 3/15/25, is purchased for settlement on...
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