Question
What are the important bond concepts that we can learn from the basic relationship between interest rate and bonds price? (b) Consider a bond with
- What are the important bond concepts that we can learn from the basic relationship between interest rate and bonds price?
(b) Consider a bond with a face value of 1,000, a coupon rate of 4%, a yield to maturity of 3%, and seven years to maturity. Produce a table to demonstrate the calculation of this bond's present value and duration.
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
