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a. What is the duration of the following bond?: $1,000 par value, 5% annual coupon, 4 years to maturity, and YTM of 4.5%? b. Using
a. What is the duration of the following bond?: $1,000 par value, 5% annual coupon, 4 years to maturity, and YTM of 4.5%?
b. Using this information, how much (as a %) does the bond price change if YTM changes to 4.85%?
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
