Question
In Jun 2009, you want to buy the US Treasury issued 10.00% bonds maturing at the end of 2015. The market price of this bond
In Jun 2009, you want to buy the US Treasury issued 10.00% bonds maturing at the end of 2015. The market price of this bond is 115, what's the YTM of this bond? And what's the Macauley duration and Modified duration of this bond? How do you interpret the meaning of Modified duration?
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Organizational Change
Authors: Barbara Senior, Stephen Swailes
5th Edition
1292063831, 9781292063836
