Question
Calculate the duration of a bond with $1000 par value and a 6.5 percent coupon rate, 4 years until maturity, and a 9 percent yield
Calculate the duration of a bond with $1000 par value and a 6.5 percent coupon rate, 4 years until maturity, and a 9 percent yield to maturity? What is the expected change in price if interest rates were to rise by 3%? (Assume annual coupons) Show your work
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Derivatives And Internal Models
Authors: Hans Peter Deutsch, Mark W. Beinker
5th Edition
3030229017, 9783030229016
