Question
Calculate the Macaulay duration of a 9%, $1,000 par bond that matures in three years if the bond's YTM is 10% and interest is paid
Calculate the Macaulay duration of a 9%, $1,000 par bond that matures in three years if the bond's YTM is 10% and interest is paid semiannually.
Calculate this bond's modified duration. Do not round intermediate calculations. Round your answer to two decimal places.
years
Assuming the bond's YTM goes from 10% to 9.5%, calculate an estimate of the price change. Do not round intermediate calculations. Round your answer to three decimal places. Use a minus sign to enter negative value, if any.
%
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Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
