Question
The modified duration of a bond portfolio worth $8,600,000 is 3.50 years. By approximately how much does the value of the portfolio change if all
The modified duration of a bond portfolio worth $8,600,000 is 3.50 years. By approximately how much does the value of the portfolio change if all yields change by -6 basis points? (hint: use the correct sign and two decimal digits accuracy.
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Finance For Housing An Introduction
Authors: Cathy Davis
1st Edition
1447306481, 978-1447306481
