Question
An investor buys a three-year bond with a 4% coupon rate paid annually. The bond, with a yield-to-maturity of 6%, is purchased at a price
An investor buys a three-year bond with a 4% coupon rate paid annually. The bond, with a yield-to-maturity of 6%, is purchased at a price of $94.65 per 100 of par value. Assuming a 5-basis point change in yield-to-maturity, what is the bonds approximate modified duration?
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Machine Learning In Finance From Theory To Practice
Authors: Matthew F Dixon, Igor Halperin, Paul Bilokon
1st Edition
3030410676, 978-3030410674
