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15%) Use the data in the following table to calculate The effective duration when rates increase from 4% to 4.2% The effective duration when rates

  1. 15%) Use the data in the following table to calculate
    1. The effective duration when rates increase from 4% to 4.2%
    2. The effective duration when rates decrease from 4% to 3.5%

4% Coupon 10-year T-note

Yield to Maturity

Price

4.50%

97.78

4.20%

99.11

4.00%

100.00

3.80%

100.90

3.50%

102.28

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