Question
A bond has a yield to maturity of 3.5%, a Macaulay duration of 13 years, and a 15-year maturity. By what percentage will the bond's
A bond has a yield to maturity of 3.5%, a Macaulay duration of 13 years, and a 15-year maturity. By what percentage will the bond's price change if market interest rates increase by 0.5%?
| -8.13 percent | ||
| 6.28 percent | ||
| 8.13 percent | ||
| -6.28 percent |
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
