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answer is 2.14885 (9.5) Other types of duration (1) A four-year callable bond's current market value is $95.40. If the interest rate increases by 100

answer is 2.14885
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(9.5) Other types of duration (1) A four-year callable bond's current market value is $95.40. If the interest rate increases by 100 basis points, the market value is anticipated to be $92.50 and if the interest rate decreases by 100 basis points, the price is expected to be $96.60. Compute the effective duration

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