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page 272 deals with bond prices when the yield curve shifts. When the yield curve shifts the only variable changing is the YTM of the bond which will affect the PV of each cash flow. The coupon, maturity and par value stay the same.
all you need to do is use your financial calculator and recalculate the price of the bond using the new YTM.
regardless of the coupon size relative to the yield, if the yield goes up the price decreases and increases if the yield goes down. |
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