Question
Given a bond with maturity 12-year, with a yield 6% and Macaulay duration of 7.983 years. If the market rate diminish by 120 basis points,
Given a bond with maturity 12-year, with a yield 6% and Macaulay duration of 7.983 years. If the market rate diminish by 120 basis points, what will be the change in the price of the bond? (Use the modified approximation)
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Investing In Your 20s And 30s For Dummies
Authors: Eric Tyson
1st Edition
1119805406, 978-1119805403
