What is percentage change in the price of bond dave

Assignment Help Financial Management

Reference no: EM131603357

Bond Dave has a 3 percent coupon rate, makes semiannual payments, a 9 percent YTM, and 9 years to maturity. If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).

Reference no: EM131603357

Questions Cloud

What is the economic life of piece of machinery : The plant manager has just purchased a piece of unusual machinery for $10,000. what is the economic life of this piece of machinery?

Compute the present value : Compute the present value of $1,000 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year,

What size should you build-use the rate of return method : You are thinking about building an ice cream stand. You are considering three possible sizes. what size should you build? Use the rate of return method.

He invest now in order to have the same amount of money : How much money should he invest now in order to have the same amount of money in 15 years as Hailey?

What is percentage change in the price of bond dave : what is the percentage change in the price of Bond Dave?

Maximum deduction justin can take for ira contribution : What is the maximum deduction Justin can take for an IRA contribution for this year?

Find the floating rate paid by carkosheek enterprises : Find the floating rate paid by Carkosheek Enterprises.

The cost of common equity financing using gordon model : Calculate the cost of common equity financing using Gordon Model.

Swap interest rate in four-year interest rate swap contract : X is the level swap interest rate in a four-year interest rate swap contract that is equivalent to the four forward contracts

User Account

All Pages