Calculate Bond Yield Relationships
Series 7 · Flashcards · Recall
SERIES 7 · FLASHCARDS
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QUESTION
State the duration-based approximation for percent price change.
QUESTION
State the formula for current yield on a bond.
QUESTION
What is the relationship between a bond's coupon rate and its market price relative to par?
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ANSWER
Coupon
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market: premium; coupon
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<
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market: discount; equal: par
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