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As an investor you hold a bond worth $101.75 that has a modified duration of 3.75 years. What is the expected change in the price
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As an investor you hold a bond worth $101.75 that has a modified duration of 3.75 years. What is the expected change in the price of the bond given a 0.5% decrease in YTM?
A. $1.75
B. -$1.91
C. $1.91
D. -$1.75
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Authors: Jack Jones
1st Edition
1545269920, 978-1545269923
