Question
You own a fixed-income asset with a duration of six years. If the level of interest rates, which is currently 7.6%, goes down by 15
You own a fixed-income asset with a duration of six years. If the level of interest rates, which is currently 7.6%, goes down by 15 basis points, how much do you expect the price of the asset to go up (in percentage terms)?
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Gapenskis Cases In Healthcare Finance
Authors: George H. Pink
6th Edition
1567939651, 978-1567939651
