Question
At the current interest rate of 7.5%, an investment has a price of $837.60. The Macaulay convexity is 650.7 and the modified convexity is 570.
At the current interest rate of 7.5%, an investment has a price of $837.60. The Macaulay convexity is 650.7 and the modified convexity is 570. What would be the price (in dollars) of the investment if the interest rate were to fall to 7.3%?
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Get Funded The Startup Entrepreneurs Guide To Seriously Successful Fundraising
Authors: John Biggs, Eric Villines
1st Edition
1260459063, 978-1260459067
