What is the modified duration for a three-year, semi-annual pay, $1,000 par value, 6.00% coupon bond that

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What is the modified duration for a three-year, semi-annual pay, $1,000 par value, 6.00% coupon bond that is currently price to yield 7.00%?

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Posted Date: May 11, 2023 05:54 AM

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What is the modified duration for a three-year, semi-annual pay, $1,000 par value, 6.00% coupon bond that

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To calculate the modified duration we need to use the following formula ... View the full answer

Financial Institutions Management A Risk Management Approach

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