You own a fixed-income asset with a duration of five years


You own a fixed-income asset with a duration of five years. If the level of interest rates, which is currently 7.9%, goes down by 15 basis points, how much do you expect the price of the asset to go up (in percentage terms)? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

The price of the asset (Click to select) decreases by increases by %.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You own a fixed-income asset with a duration of five years
Reference No:- TGS02648132

Expected delivery within 24 Hours