Question
An investor holds a bond portfolio with a market value of $10 million. Interest rates increase by 25 basis points and the market value of
An investor holds a bond portfolio with a market value of $10 million. Interest rates increase by 25 basis points and the market value of the portfolio falls to $9.85 million. What is the implied duration of the portfolio?
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
