Business, 31.10.2019 07:31 dessy6546

An 6% annual coupon bond with (face value = 9,000) currently trades at par. its macaulay duration is 3.77 years and its convexity is 69.42. suppose yield goes from 2.04% to 5.86% one day. calculate the approximate dollar change in price using both duration and convexity. assume annual compounding. round your answer to 2 decimal places.

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An 6% annual coupon bond with (face value = 9,000) currently trades at par. its macaulay duration is...

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