Question: Help for 7 and 8 Use the formula for approximate modified duration to calculate the duration of the 5%, 10year bond for 10bps change in

Help for 7 and 8 Help for 7 and 8 Use the formula for approximate modified duration

Use the formula for approximate modified duration to calculate the duration of the 5%, 10year bond for 10bps change in interest rates. Assume the bond currently sells at 5% yield to maturity (YTM). Use the formula for approximate modified duration to calculate the duration of the S%, 30 year bond for 50bps change in interest rates. Assume the bond currently sells at 5% yield to maturity (YTM)

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