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  3. a) a bond with a 7 percent yield to maturity has a

A) A bond with a 7 percent yield to maturity has a duration of 3.2...

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Accounting

A)

A bond with a 7 percent yield to maturity has a duration of 3.2 years. If the bond yield would increase by 0.2 percentage points, the estimated percentage change in the price of the bond would be?

B)

A 10-year, $1,000 face value bond has a 9 percent semiannual coupon, and a yield to maturity of 14 percent. What is the price of this bond?

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