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The current price of a bond is $95 and its duration is 9 years. If YTM decreases from 4% to 3.8%, what is the
The current price of a bond is $95 and its duration is 9 years. If YTM decreases from 4% to 3.8%, what is the new price of the bond?
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Answer The change in the price of a bond can be calculated using the modified duration formula The m...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
