Question
AF445 Chapter 9: Consider a 5-year bond paying 6% coupon annually. The yield is 9%. Use the duration approximation to find the percentage change in
AF445 Chapter 9:
Consider a 5-year bond paying 6% coupon annually. The yield is 9%. Use the duration approximation to find the percentage change in price if the interest rises by 25 basis points. Make sure to express your answers as a percentage. Round your answers to the nearest 100th decimal point.
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
