Question
Bond A Bond B Bond C= 6.67 Bond D Issue Date 12/31/1994 12/31/2018 9/1/2018 6/30/2019 Settlement Date 12/12/2019 12/12/2019 12/12/2019 12/12/2019 Maturity Date 12/31/2024 12/31/2021
| Bond A | Bond B | Bond C= 6.67 | Bond D | |
| Issue Date | 12/31/1994 | 12/31/2018 | 9/1/2018 | 6/30/2019 |
| Settlement Date | 12/12/2019 | 12/12/2019 | 12/12/2019 | 12/12/2019 |
| Maturity Date | 12/31/2024 | 12/31/2021 | 9/1/2028 | 6/30/2024 |
| Coupon | 5.05% | 2.15% | 3.67% | 2.95% |
| YTM | 4.15% | 2.30% | 2.81% | 2.62% |
| Par | 100.00 | 100.00 | 100.00 | 100.00 |
| Price | 104.06 | 99.70 | 106.61 | 101.41 |
What is the modified duration of the bond with the highest duration? (To 2 decimal places).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
2nd International Edition
0071287728, 9780071287722
