Question
What is the modified duration of a 10 year zero coupon bond priced at $500? Hint: You need to find the yield first. Look at
What is the modified duration of a 10 year zero coupon bond priced at $500? Hint: You need to find the yield first. Look at your notes and it will tell you the Macaulay duration of a zero coupon bond. You need to find the modified duration which is why you need to calculate the yield.
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen
2nd Edition
0538473452, 9780538473453
