Q56. A bond portfolio manager owns $5 million par value of a noncallable bond issue- The duration of the bonds is 5.6 and the current market value of tale bonds is $5,125,000. If yield decline by 25 basis points, the approximate new price of the bonds after the decline in yield will he closest to. A. $5,053,250 B. $5,070,000 C. $5,196,750 D. $5,412,000 答案和详解如下：
Q56. C Study Session 15-66.f A duration of 5.6 means that the approximate percentage price change for a 100 basis point change in yield will be 5.6%. A 25 basis point change would be 5.6/4=1.4%. The approximate new price would be $5,125,000(1.014)=$ 5,196,750
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发表于 2007-11-5 19:22
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