Finance School of Management Probabilistic Bond Price Changes over Time 0.045 Bond year 1 0.040 Bond year 2 0.035 Bond year 3 Bond year 4 0.030 Bond year 5 0.025 Bond year 6 Bond year 7 0.020 Bond year 8 0.015 Bond year 9 Bond year 10 0.010 0.005 0.000 100 200 300 400 Price uesTc 1616 Finance School of Management Probabilistic Bond Price Changes over Time 0.000 0.005 0.010 0.015 0.020 0.025 0.030 0.035 0.040 0.045 0 100 200 300 400 Price Probability Density Bond_Year_1 Bond_Year_2 Bond_Year_3 Bond_Year_4 Bond_Year_5 Bond_Year_6 Bond_Year_7 Bond_Year_8 Bond_Year_9 Bond_Year_10