On page 113 CFAI text, Reading 14 ex 26 - not sure how they got the 0.07% from ?
Part of the question is below:
What’s the YTM on the new (14½-year) bond?
What was the YTM on the original (15-year) bond?
got it, thanks!
My pleasure.
Please could you tell how the get the 215,850?
It’s half of $431,700.
What’s the spread change?
What’s the benchmark yield change?
thnaks
My pleasure.