Question
A bond is selling in the market for $1,100 and has a duration of5 years. Market interest rates are 9% and are expected to decrease
A bond is selling in the market for $1,100 and has a duration of5 years. Market interest rates are 9% and are expected to decrease to 7% in the near future. What will this bond's price be after the change in market interest rates?
Please help me with how to calculate this using financial calulator
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
