A 30-year maturity bond making annual coupon payments with a coupon rate of 16.0% has duration of 10.55 years. The bond currently sells at a yield to maturity of 9%. Required: a. Find the price of the bond if its yield to maturity falls to 8%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) HINT: CH10 Bond Valuation concepts. Price of the bond b. What price would be predicted by the duration rule, if its yield to maturity falls to 8% ? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predicted price c. Find the price of the bond if it's yield to maturity rises to 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) HINT: CH10 Bond Valuation concepts. Price of the bond d. What price would be predicted by the duration rule, if it's yield to maturity rises to 10% ? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Predicted price

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