A bond has a modified duration of 5 and a convexity statistic of 75. If the bond's yield-to-maturity decreases 50 bps, the expected percentage price change is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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A bond has a modified duration of 5 and a convexity statistic of 75. If the bond's yield-to-maturity decreases 50 bps, the expected percentage price change is closest to: