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What is the duration of this bond in THREE decimals? That is, if it is 4.0034, enter 4.003. If it is 4.010, enter 4.01.
What is the duration of this bond in THREE decimals? That is, if it is 4.0034, enter 4.003. If it is 4.010, enter 4.01. Assumptions: Initial price $1,000.000 Semiannual bond, YTM = 10%, coupon = 10%, years = 10, par value = $1,000 Price if rates rise to 13% = $837.21 Price if rates decline to 7% - $1,210.71
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
