Question
A bond has a duration of 8 years. If the yield of maturity (YTM) of the bond increases by 1%, the bond price will change
A bond has a duration of 8 years. If the yield of maturity (YTM) of the bond increases by 1%, the bond price will change by:
A. + 8%
B. 8%
C. + 1%
D. 1%
E. None of the above
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
