Question
What is the price change factoring in just modified duration of a 25 bps increase in rates for a 5 year, 4.25% coupon semiannual pay
What is the price change factoring in just modified duration of a 25 bps increase in rates for a 5 year, 4.25% coupon semiannual pay bond with a YTM currently at 4.4%?
a)+$11.15
b)-$10.72
c)-$9.98
d)-$11.07
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
