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Consider Example 18-11 and Table 18-1. Let's say the price is $950.00 rather $974.17 (so the YTM goes to 6.1% from 5.6%). What happens
Consider Example 18-11 and Table 18-1. Let's say the price is $950.00 rather $974.17 (so the YTM goes to 6.1% from 5.6%). What happens to duration? 1) It increases substantially. 2) It increases only a little amount. 3) It decreases substantially. 4) It decreases only a little amount.
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