The Federal Reserve took the emergency step of cutting the benchmark U.S., an attempt to limit the
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Question:
The Federal Reserve took the emergency step of cutting the benchmark U.S., an attempt to limit the economic and financial fallout from the coronavirus. Consider the bond with a duration of is 6.06 years. Calculate the expected percentage change in price using the duration approximation as the interest rate is expected to Fall by 1.9407% from 12.385%?
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
Posted Date: