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Consider a 25-year, $1,000 par semiannual bond with a 7.5% coupon and a 9.25% yield to maturity. The modified duration of this bond is closest
Consider a 25-year, $1,000 par semiannual bond with a 7.5% coupon and a 9.25% yield to maturity. The modified duration of this bond is closest to:
| A | 8.73. |
| B | 10.08. |
| C | 11.45. |
| D | 12.50. |
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Financial Management Of Financial Institutions
Authors: George H Hempel
1st Edition
0133159604, 9780133159608
