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A bond has a current price of $1,030. The yield on the bond is 8%. If the yield changes from 8% to 8.1%, the price
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A bond has a current price of $1,030. The yield on the bond is 8%. If the yield changes from 8% to 8.1%, the price of the bond will go down to $1,025.88. The modified duration of this bond is _________.
A. 3.50
B. 4
C. 4.12
D. 3.25
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Options Trading For Beginners How To Generate Predictable Income And Make A Living Without Taking Big Risks Even If You Re A Complete Beginner
Authors: Greg Middleton
1st Edition
979-8866955046
