Question
In 2017, Austria sold a 100-year bond with a duration of 44. If market interest rates were to rise by 1.2%, duration would suggest that
In 2017, Austria sold a 100-year bond with a duration of 44. If market interest rates were to rise by 1.2%, duration would suggest that the price of the bond will change by what percentage? Answer format: e.g. XX.X% = XX.X, 12.3% = 12.3 (no % sign, only 1 decimal place)
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European Financial Reporting Adapting To A Changing World
Authors: J. Flower
2nd Edition
0333685180, 9780333685181
