Question
If the duration of a bond being discounted a 5.8% is 4.4 years, and interest rates on comparable debt decrease by 1.4%, by what percentage
If the duration of a bond being discounted a 5.8% is 4.4 years, and interest rates on comparable debt decrease by 1.4%, by what percentage will the price rise (+) or fall (-)? (Your answer is in percentage terms - 4 digits, and should be positive for an increase in price, and negative for a decline in price.)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
