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Bond Terms Par Value $1,000 Duration (yrs) 5 Coupon 4.00% Frequency Semiannual Current rates: 4.75% Bond features: Callable at Par MACd 4.572 Modified Duration
Bond Terms Par Value $1,000 Duration (yrs) 5 Coupon 4.00% Frequency Semiannual Current rates: 4.75% Bond features: Callable at Par MACd 4.572 Modified Duration 4.466 Using the bond data above, assuming a 1% increase in current interest rates, what is the effective duration of the bond?
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Principles of Fraud Examination
Authors: Joseph T. Wells
4th edition
1118922344, 9781118803264, 1118582888, 9781118922347, 1118803264, 978-1118582886
