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An investor buys a 5-year bond with a 3.8% coupon rate paid annually. the bond, is priced at a yield-to-maturity of 6.5%. Assuming a 5
An investor buys a 5-year bond with a 3.8% coupon rate paid annually. the bond, is priced at a yield-to-maturity of 6.5%. Assuming a 5 bp change in the YTM, what is the bond's approximate modified duration?
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
