Question
Jill has a bond that has a maturity of 33 years, a 19 year duration, and a yield to maturity of 6.35%. The market interest
Jill has a bond that has a maturity of 33 years, a 19 year duration, and a yield to maturity of 6.35%. The market interest rate has gone up by 0.71%. The modified duration is
| 14.17 years. | ||
| 6.35 years. | ||
| 19 years. | ||
| 17.87 years. |
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Financial Management Principles And Applications
Authors: Dr. S. Kr. Paul, Prof. Chandrani Paul
1st Edition
1647251664, 9781647251666
