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A. 1.6187% decrease. B. 1.6187% increase. C. 1.6339% decrease D. 1.6339% increase. E. none of these The Macaulay duration of a cashflow at interest rate
A. 1.6187% decrease.
B. 1.6187% increase.
C. 1.6339% decrease
D. 1.6339% increase.
E. none of these
The Macaulay duration of a cashflow at interest rate io 4.25% is 6.75. Using the first-order modified approximation, estimate the percent change of the present value P (i) from P (20) if the interest rate is decreased from 4.25% by 25 basis pointsStep by Step Solution
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Routledge Handbook Of Financial Technology And Law
Authors: Iris Chiu, Gudula Deipenbrock
1st Edition
0367344149, 978-0367344146
