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Consider a 3-year bond with 13 percent semi-annual couponpayments and currently priced to yield 12 per cent per annum. Calculate duration of the bond. What
Consider a 3-year bond with 13 percent semi-annual couponpayments and currently priced to yield 12 per cent per annum.
- Calculate duration of the bond.
- What is the percentage of price change if interest rate increases to 12.35% per annum?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
