Question
You own a fixed-income asset with a duration of five years. If the level of interest rates, which is currently 8.5%, goes down by 15
You own a fixed-income asset with a duration of five years. If the level of interest rates, which is currently 8.5%, goes down by 15 basis points, how much do you expect the price of the asset to go up (in percentage terms)? What is The price of the asset ?
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Theory Of Constraints Handbook
Authors: James Cox, John Schleier
1st Edition
0071665544, 978-0071665544
