Question
Assume that the price of security is $1000 and the duration of the security is 6.763 years. The current yield to the maturity is 10%
Assume that the price of security is $1000 and the duration of the security is 6.763 years. The current yield to the maturity is 10% and Coupons are paid semi-annually, what should be the dollar duration?
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The dollar duration of a bond measures its interest rate risk rep...
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
