Question
A bond is selling for $92.2783 per hundred of par. An analyst determines that the bond's modified duration is 7.9615. Using this information, what is
A bond is selling for $92.2783 per hundred of par. An analyst determines that the bond's modified duration is 7.9615. Using this information, what is your best estimate of the bond's price if market yields decrease by 50 basis points?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
