Question
You are analyzing a bond that is trading at $1,000 the yield to maturity is 6%, and the duration is 10 years. If interest rates
You are analyzing a bond that is trading at $1,000 the yield to maturity is 6%, and the duration is 10 years. If interest rates were to fall 1% how many dollars did the bond increase or decrease?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
