Question
A bond has a Macaulay's duration of 12.2 years. If rates changes from 5.4% to 4.5%, what will be the %age change bonds price? Solve
A bond has a Macaulay's duration of 12.2 years. If rates changes from 5.4% to 4.5%, what will be the %age change bonds price?
Solve using equation Please write the answer in TWO decimal places and NOT PERCENTAGE.
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
