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 8.75%?
| $969.98 | ||
| $1061.73 | ||
| $1071.11 | ||
| $927.95 | ||
| $952.47
Will rate!! Thanks!! |
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Investments Analysis And Management
Authors: Charles Jones, Nick Jones
11th Edition
0470477121, 9780470477120
