The duration of a twenty year, 6 percent coupon bond when the interest rate is 7.80 years.

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The duration of a twenty year, 6 percent coupon bond when the interest rate is 7.80 years. What happens to the price of the bond if the interest rates rises to 8%?

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Posted Date: Feb 24, 2024 12:00 AM

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The duration of a twenty year, 6 percent coupon bond when the interest rate is 7.80 years.

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Duration is a measure of the sensitivity of the price of a bond to changes in ... View the full answer

Financial Institutions Management A Risk Management Approach

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