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A 12-year, 8% bond with a YTM of 12% has a Macaulay duration of 9.5 years. If interest rates decline by 50 basis points, what
A 12-year, 8% bond with a YTM of 12% has a Macaulay duration of 9.5 years. If interest rates decline by 50 basis points, what will be the percentage change in price for this bond? Why?
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The Oxford Handbook Of Private Equity
Authors: Douglas Cumming
1st Edition
0195391586, 978-0195391589
