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Consider a 20-year, semiannual-pay bond with an 8% coupon that is currently priced at $799.608 to yield 10.5%. If the yield changes by 50 basis
- Consider a 20-year, semiannual-pay bond with an 8% coupon that is currently priced at $799.608 to yield 10.5%. If the yield changes by 50 basis points, the price of the bond will also change. Based on these price and yield changes, calculate the effective or approximate duration of this bond
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
