What is the actual trading price of bond

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1. A bond is quoted at a price of $99.79. What is the actual trading price of this bond? State your answer with two decimal places.

2. A bond has a duration of 7.506 and the current yield-to-maturity is 4.6%. If the current bond's price is $1,193.43 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 0.4%? State your answer as a dollar amount with two decimal places

3. A bond has a duration of 5.1, a yield-to-maturity of 4.97%, and convexity of 92.46. If the current bond's price is $1,151.45 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 1.17%? State your answer as a dollar amount with two decimal places.

Reference no: EM133069783

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