Given the following information, use the approximation method to calculate the modified duration of the semi-annual, option-free
Fantastic news! We've Found the answer you've been seeking!
Question:
accrued on this bond since the last coupon payment. (Use annual yield changes of 10 basis points to calculate P+ and P-, and carry price calculations to 4 digits.)Coupon: 6%, Initial YTM: 5%, Maturity: 10 years, Initial Price = 107.795 (per $100 par)
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date: