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answer2.7373 A bond with a remaining maturity of 3 years has a face value of $100, an annual coupon of 5%, and a yield to
answer2.7373 
A bond with a remaining maturity of 3 years has a face value of $100, an annual coupon of 5%, and a yield to maturity of 4.5%. The bond is currently valued at $101.37. What is the modified duration of the bond? Note: Final answers should be entered in decimal form with 4 decimal places (e.g. 0.0514)
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Financial Intelligence For IT Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119149, 9781422119143
