Assume you hold a par bond (face value of $1,000) with a maturity of seven years, an
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume you hold a par bond (face value of $1,000) with a maturity of seven years, an annual coupon rate of 9%, and a yield to maturity and market interest rate equal to 9%. Calculate the modified duration of this bond.
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
Posted Date: