4. The value nt a $100,000 fixed-rate 30year mort gage falls to SS9,.337 when Interest rates move...

Question:

4. The value nt a $100,000 fixed-rate 30•year mort•

gage falls to SS9,.337 when Interest rates move from to What is the approximate duration Of the mortgage?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

Question Posted: