Question
You are managing a portfolio that has a Macaulay duration of 12 years at a YTM of 5%. Use modified duration approximation to compute the
You are managing a portfolio that has a Macaulay duration of 12 years at a YTM of 5%. Use modified duration approximation to compute the expected percentage change in the value of your portfolio if the YTM falls to 4%.
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
10th Edition
0128150750, 978-0128150757
