Question
A bond has a Macaulay duration of 8 years. What will be the percentage change in the bond price if the yield to maturity increases
A bond has a Macaulay duration of 8 years. What will be the percentage change in the bond price if the yield to maturity increases from 5 percent to 5.4 percent?
Select one:
a. -3.12 percent
b. -2.43 percent
c. -3.38 percent
d. -3.46 percent
e. -2.23 percent
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
