Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The price of a bond decreased by 1.45% in response to an increase in the yield to maturity from 7.2% to 7.6%. What is the
The price of a bond decreased by 1.45% in response to an increase in the yield to maturity from 7.2% to 7.6%. What is the bond's duration?
Group of answer choices
A) 5.75
B) 3.41
C) 4.62
D) 3.89
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started