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Duration of a 7-year 9% bond issue was calculated to be 5.69 years. If the yield-to-maturity (YTM) is 4%, what percentage change would occur in
Duration of a 7-year 9% bond issue was calculated to be 5.69 years. If the yield-to-maturity (YTM) is 4%, what percentage change would occur in the price of the bond if a 1% change occurred in the YTM?
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Fundamentals Of Financial Management
Authors: James C Van Horne
3rd Edition
0133393410, 978-0133393415
