Question
A bond currently sells for $1,100, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 25 basis points,
| A bond currently sells for $1,100, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,060. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) |
| Duration |
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
