No. of Recommendations: 0
Loki - I need to walk through this just a bit slower. When you got the 11.9% change in NAV, you lost me.

Inputs/data - Duration 7.33 years, Price = $10.48 & Yield 4.83%
Increase yield by 1% or 100 basis points.

Question - what is change in price?

(-7.33) * [(0.0483 - 0.01) divided by (1.0483)]

is -0.267 or 26.7% price decrease.

I must have the wrong formula, taxes must enter in or else my calculator is out to get me.

Can you try a bit slower?

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