If the yield decreases by 15 basis points what is the exact


Consider a U.S. 30-year corporate bond with the following characteristics:

Settlement date: May 5, 2017

Maturity date: March 15, 2047

Coupon: 3.25%

Yield: 4.56%

Frequency: ?

Basis: actual / actual

b-If the yield decreases by 15 basis points, what is the exact percentage change in the price of the bond? Make sure to show your work.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: If the yield decreases by 15 basis points what is the exact
Reference No:- TGS02362151

Expected delivery within 24 Hours