Question
Which one of the following par value 12% coupon bonds experiences a price change of $23 when the market yield changes by 50 basis points?
Which one of the following par value 12% coupon bonds experiences a price change of $23 when the market yield changes by 50 basis points?
.D) The bond with a duration of 5.15 years. I know the answer is D, but how to calculate?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
