Question
a bond with par value of 1000 has a modified duration of 6.2 if they yield on the bond is expected to change from 8.8%
a bond with par value of 1000 has a modified duration of 6.2 if they yield on the bond is expected to change from 8.8% to 8.95% the estimted new price for the bond following the expected change in yield is bes described as
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The Everything Improve Your Credit Book
Authors: Justin Pritchard
1st Edition
1598691554, 978-1598691559
