Question: 11.3) Briefly explain what will happen to a bond's duration in each of the following situations. a. The yield to maturity on the bond falls
11.3)
Briefly explain what will happen to a bond's duration in each of the following situations. a. The yield to maturity on the bond falls from 8.5% to 8%. b. The bond gets one year closer to its maturity. c. Market interest rates go from 8% to 9%. d. The bond's modified duration falls by half a year
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