标题: Reading 66: Introduction to the Measurement of Interest Rate [打印本页]
作者: honeycfa 时间: 2010-4-26 11:20 标题: [2010]Session 16-Reading 66: Introduction to the Measurement of Interest Rate
LOS i: Compute the price value of a basis point (PVBP), and explain its relationship to duration.
The price value of a basis point (PVBP) of a bond is $0.75. If the yield on the bond goes up by 1 bps, the price of the bond will:
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B) |
increase or decrease by $0.75. | |
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Inverse relationships exist between price and yields on bonds. The larger the PVBP, the more volatile the bond’s price.
作者: honeycfa 时间: 2010-4-26 11:20
The price value of a basis point (PVBP) for a 18 year, 8% annual pay bond with a par value of $1,000 and yield of 9% is closest to:
Initial price: |
Price with change: |
FV = 1000 |
FV = 1000 |
PMT = 80 |
PMT = 80 |
N = 18 |
N = 18 |
I/Y = 9% |
I/Y = 9.01 |
CPT PV = 912.44375 |
CPT PV = 911.6271 |
作者: honeycfa 时间: 2010-4-26 11:21
The price value of a basis point (PVBP) for a 7-year, 10% semiannual pay bond with a par value of $1,000 and yield of 6% is closest to:
Initial price: |
Price with change: |
FV = 1000 |
FV = 1000 |
PMT = 50 |
PMT = 50 |
N = 14 |
N = 14 |
I/Y = 3% |
I/Y = 3.005 |
CPT PV = 1225.92 |
CPT PV = 1225.28 |
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