Question
You are given the following information about the 10yr UST benchmark bond. Coupons are paid semi-annually. Tenor Coupon (%) Yield (%) 10 Year 2.25 1.81
You are given the following information about the 10yr UST benchmark bond.
Coupons are paid semi-annually.
| Tenor | Coupon (%) | Yield (%) |
| 10 Year | 2.25 | 1.81 |
Using approximate duration ONLY, estimate the price of the bond for a 100 basis point increase in interest rates.
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
