You own a fixed income asset with a MaCaulay duration of 5 years. If the level of required yields, which is currently at 8%, goes down by 0.10%, how much do you expect the price of the asset to change (in

The price of the asset to change (in percentage ) is 0.463%

Explanation:

As per given data

Duration = 5 years

Chnage in the yield rate = -0.10%

Price of the asset change can be calculated using following formula

Percentage price change = -Duration x

Placing values in the formula

Percentage price change = -5 years x

Percentage price change = 0.00463

Percentage price change = 0.463%

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

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