An analyst evaluates a zero-coupon bond with the following characteristics:
- Time to maturity: 5 years
- Annual convexity: 28.835
- Annual yield to maturity: 2%
If the yield decreases by 1%, the bond's percentage change in price is most likely to be: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
Get started today
Ultimate access to all questions.
An analyst evaluates a zero-coupon bond with the following characteristics:
Time to maturity: 5 years
Annual convexity: 28.835
Annual yield to maturity: 2%
If the yield decreases by 1%, the bond's percentage change in price is most likely to be: