Question
The value of a $100,000 fixed rate 30-year mortgage falls to $89,637 when interest rates move from 5% to 6%. What is the approximate duration
The value of a $100,000 fixed rate 30-year mortgage falls to $89,637 when interest rates move from 5% to 6%. What is the approximate duration of the mortgage? Please show work for the best comprehension.
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
