A bond has a price of $940 at a YTM of 7%, a duration of 7.50...

A bond has a price of $940 at a YTM of 7%, a duration of 7.50 and a convexity of 60.50. Estimate the bond’s price if YTM were to fall to 5% using duration PLUS convexity. SHOW WORK

Expert Solution

NO INTERMEDIATE ROUNDING IS DONE

jeff jeffy answered 5 months ago

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