Question
A $1,000 par value bond is selling for $1,032, and the yield to maturity is 8%. If the yield changes from 8% to 8.1%, the
A $1,000 par value bond is selling for $1,032, and the yield to maturity is 8%. If the yield changes from 8% to 8.1%, the price of the bond will go down to $1,025.88. The modified duration of this bond is ________.
| 4.32 | ||
| 5.27 | ||
| 5.93 | ||
| 6.40 |
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Commodity Market Trading And Investment
Authors: Tom James
1st Edition
1137432802, 978-1137432803
