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A bond has a modified duration of 6.25. The yield is expected to rise by 1% over the next two days. How much should the
A bond has a modified duration of 6.25. The yield is expected to rise by 1% over the next two days. How much should the bond price change?
| rise by 7.46% | ||
| rise by 6.25% | ||
| fall by 8.30 % | ||
| fall by 6.25% |
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
