Question
A bond with duration of 7.68 years, has a price of $987.50 when interest rates are 8.25%. What will be the price of this bond
A bond with duration of 7.68 years, has a price of $987.50 when interest rates are 8.25%. What will be the price of this bond if interest rates change to 9.10%?
| $1061.73 | ||
| $969.98 | ||
| $952.47 | ||
| $927.95 | ||
| $1071.11 |
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
