Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help plss Consider the following bond: a 30 -years $10,000 bond that pays semi-annual coupons at a rate of 11.81%. The yield to maturity is
help plss
Consider the following bond: a 30 -years $10,000 bond that pays semi-annual coupons at a rate of 11.81%. The yield to maturity is 8.37%. The approximate modified duration (use the equation with PV - and PV+ ) for this bond can be calculated as (Use a change in yield of 0.01% and keep all decimals) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started