Question
A bond currently sells for $1,080, which gives it a yield to maturity of 7%. Suppose that if the yield increases by 50 basis points,
| A bond currently sells for $1,080, which gives it a yield to maturity of 7%. Suppose that if the yield increases by 50 basis points, the price of the bond falls to $1,050. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) |
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The School Fundraising Handbook
Authors: Lindsey Marsh
1st Edition
1785834266, 978-1785834264
