24. Using Duration (LO4, CFA6) In Problem 23, suppose the yield on the bond suddenly increases by...
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24. Using Duration (LO4, CFA6) In Problem 23, suppose the yield on the bond suddenly increases by 2 percent. Use duration to estimate the new price of the bond. Compare your answer to the new bond price calculated from the usual bond pricing formula. What do your results tell you about the accuracy of duration?
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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