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A 4-year bond, face value 100, with a 3.5% (annual) coupon is at par. Calculate its duration if its yield-to-maturity increases to 5%.
A 4-year bond, face value 100, with a 3.5% (annual) coupon is at par. Calculate its duration if its yield-to-maturity increases to 5%.
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
