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A bond has a Macaulay's duration of 12.2 years. If rates change from 6.4% to 5.5%, what will the %age change bond price? Show the
A bond has a Macaulay's duration of 12.2 years. If rates change from 6.4% to 5.5%, what will the %age change bond price? Show the working
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The percentage change in bond price can be estimated using the modified duration fo...
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
