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Question 13 3 pts Given a semi-annual bond with YTM = 10%, Macaulay Duration=6. Three investor A,B,C with the following informations: Investment Horizon Interest rate

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Question 13 3 pts Given a semi-annual bond with YTM = 10%, Macaulay Duration=6. Three investor A,B,C with the following informations: Investment Horizon Interest rate HPR A 6 years Increase 1% 10% 00 6.2 years Decrease 1% Higher than 10% C 5.9 years Increase 1% Lower than 10% Which investor estimates their HPR correctly? A. A only. B.B only. C.A and B. D. A and C

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