23 Jul CALCULATE THE PERCENTAGE PRICE CHANGE IN THE BOND BASED ON CHANGES IN YTM.
In excel use the following information for your bond: 11% coupon Starting YTM of 11% and 24 years Show more In excel use the following information for your bond: 11% coupon Starting YTM of 11% and 24 years to maturity. Assume a $1000 par value and annual coupon payments. 1. Create a column of increasing YTMs from 0% to 24% in increments of 1%. 2. Using a data table approach calculate the price of the bond at each YTM. 3. Calculate the percentage price change in the bond based on changes in YTM. So you would have a price change with an increase in YTM from 0% to 1% and so on. Note: there will not be a price change for the 0% YTM. 4. Calculate the modified duration of the bond at the Starting YTM (11%) using the MDURATION function. You must use the bond functions for duration calculations. You can use a settlement date of September 24 2015 and a maturity date of September 24 2039. Note: only calculate one value for duration based on the Starting YTMdo not calculate duration for the range of YTM created in Step 1 (above). Show less
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