Question
A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield increases 22 basis points, the price of
A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield increases 22 basis points, the price of the bond will go down to $1,022. The duration of this bond is ____ years.
11.43
12.90
13.23
12.14
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
