A bond has an annual modified duration of 8 and an annual convexity measure of 150. If the bond's yield to maturity decreases by 140 bps, the change in the price of this bond is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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A bond has an annual modified duration of 8 and an annual convexity measure of 150. If the bond's yield to maturity decreases by 140 bps, the change in the price of this bond is closest to: