Citibank has determined that its bond portfolio has a


Question: Citibank has determined that its bond portfolio has a duration of 9.5 years and a prevailing yield to maturity of 4.0 percent. If the yield to maturity changes to 5.5 percent, then Citibank should anticipate how much of a price change for its portfolio?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Citibank has determined that its bond portfolio has a
Reference No:- TGS02750518

Expected delivery within 24 Hours