What is the approximate change in value of a $1,000 bond when interest rates increase by 1.25%

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What is the approximate change in value of a $1,000 bond when interest rates increase by 1.25% and the duration of the bond is 11 years and the YTM is 3%?

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Calculus

ISBN: 978-0131429246

9th edition

Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon

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Posted Date: Apr 22, 2024 04:58 AM

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What is the approximate change in value of a $1,000 bond when interest rates increase by 1.25%

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Calculus

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