Question
A bond has a yield to maturity of 4.5%, a duration of 14 years, and a 20 year maturity. By what percentage will the bond's
A bond has a yield to maturity of 4.5%, a duration of 14 years, and a 20 year maturity. By what percentage will the bond's price change if market interest rates decrease by 0.5%?
| +7.66 percent | ||
| -6.70 percent | ||
| +6.70 percent | ||
| -7.66 percent |
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Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
