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The modified duration of a bond portfolio worth $6,000,000 is 5.00 years. By approximately how much does the value of the portfolio change if
The modified duration of a bond portfolio worth $6,000,000 is 5.00 years. By approximately how much does the value of the portfolio change if all yields change by 3 basis points? (hint: use the correct sign and two decimal digits accuracy. Example: -9,680.00) Your Answer:
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
