Question
A 7.500% semiannual coupon payment bond settles on a coupon date. The tenor is 10 years. The bond's yield to maturity is 9.400%. What is
A 7.500% semiannual coupon payment bond settles on a coupon date. The tenor is 10 years. The bond's yield to maturity is 9.400%. What is the bonds approximate modified duration (AMD)? Use yield changes of +/- 40 bps around the yield to maturity for your calculations.
| A. | 5.881 | |
| B. | 6.101 | |
| C. | 6.444 | |
| D. | 6.684 |
you dont have to show work just say which one is correct option
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Public Sector Accounting And Budgeting For Non-Specialists
Authors: G. Jan Van Helden, Ron Hodges
1st Edition
1137376988, 9781137376985
