Question
If you hold a $20m bond portfolio with modified duration of 9 years. You expected the market interest rate increase by 10 basis points (0.10%),
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If you hold a $20m bond portfolio with modified duration of 9 years. You expected the market interest rate increase by 10 basis points (0.10%), whats your profits/losses?
A. $100,000
B. $150,000
C. $180,000
D. $200,000
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
