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A bond has a modified duration of 8.91 and has a YTM of 0.05 when interest rates change by 60 basis points. What is the
A bond has a modified duration of 8.91 and has a YTM of 0.05 when interest rates change by 60 basis points. What is the expected change in price for the bond given this information? -0.0578 0 -0.0555 O -0.0595 O-0.0535 -0.0612
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
