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A bond currently has a price of $940. The current yield to maturity on the bond is 7%. If the yield decreases by 20
A bond currently has a price of $940. The current yield to maturity on the bond is 7%. If the yield decreases by 20 basis points, the price of the bond will go up to $960. Based on this information, the modified duration of this bond is:
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Modified duration measures the sensitivity of a bonds price to changes in its yield to mat...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
