A bond has a YTM of 7.08% and a modified duration of 15.74 years. Assuming annual compounding, what is the approximate c
Posted: Tue Nov 16, 2021 8:24 am
A bond has a YTM of 7.08% and a modified duration of 15.74
years. Assuming annual compounding, what is the approximate change
in the bond's price if market interest rates change by 0.29%?
Submit your final answer as a percentage rounded to two decimal
places (Ex. 0.00%).
years. Assuming annual compounding, what is the approximate change
in the bond's price if market interest rates change by 0.29%?
Submit your final answer as a percentage rounded to two decimal
places (Ex. 0.00%).