Homework Help

Stuck in a question? Need homework help? Ask your question and get your homework done!

*Your Question
  • Back
  • Question Subject
    Back
At least 10 characters
All Questions
Answered Questions
Verified Answers
  • Back
  • Back

Consider a 3-year bond selling at par with coupon rate of 8% (paid monthly) and face value $100. If the yield decreases by 0.50% soon after the bond’s issuance, what would be the bond’s percentage price change according to the modified duration rule?

6 days ago

Frank Fordjour
0
Suggested Answers (0)
In order to post an answer you need toLogin or Sign up
In order to post an
answer you need to
Login or Sign up
In order to post an answer you
need to Login or Sign up