Question
A 12-year annual coupon bond is currently selling for its par value of $1,000 with an annual yield of 5%. If the bond is called
A 12-year annual coupon bond is currently selling for its par value of $1,000 with an annual yield of 5%. If the bond is called at 105% of the pad, what is the effective duration of the bond, assuming rates change by 1%?
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The Routledge Handbook Of FinTech
Authors: K. Thomas Liaw
1st Edition
0367263599, 978-0367263591
