Question
A bond currently has a price of $1,050. The yield on the bond is 5%. If the yield increases 27 basis points, the price of
A bond currently has a price of $1,050. The yield on the bond is 5%. If the yield increases 27 basis points, the price of the bond will go down to $1,032. The duration of this bond is ____ years.
6.01
6.66
6.80
6.33
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
