Compute the modified duration based estimate of new price, Financial Accounting

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Compute the modified duration based estimate of new price

Problem

A straight bond fund has a modified duration of 5, value of 103, and yield to maturity is 5%. The bond pays coupons semi annually and its yield to maturity is quoted as a semi annual APR. If interest rates increase by 25 basis points, compute the modified duration based estimate of the new price of the bond.

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Financial Accounting: Compute the modified duration based estimate of new price

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Financial Accounting: Compute the modified duration based estimate of new price

Reference No:- TGS03281597

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