Question
A bond has a current price of $1,040. The yield on the bond is 8%. If the yield changes from 8% to 8.1%, the price
A bond has a current price of $1,040. 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 $1,035. The modified duration of this bond is _________.
| A. | 4.25 | |
| B. | 5.20 | |
| C. | 4.81 | |
| D. | 5.32 |
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Building The High Performance Finance Function
Authors: André De Waal , Eelco Bilstra ,Jacques Bootsman
1st Edition
1799869296,1799869326
