What is the modified duration of a 5-year 2,000 par value bond with 8% annual coupons and

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What is the modified duration of a 5-year 2,000 par value bond with 8% annual coupons and an annual effective yield of 7%?

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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: Mar 08, 2024 12:21 AM

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What is the modified duration of a 5-year 2,000 par value bond with 8% annual coupons and

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To calculate the modified duration of a bond we can use the formula Macaulay Duration 1YieldNumber o... View the full answer

Financial Institutions Management A Risk Management Approach

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