Consider a bond with two year remaining to maturity, a $1,000 face value, an 8 percent...
| Consider a bond with two year remaining to maturity, a $1,000 face value, an 8 percent coupon rate (paid annually), | |||||||||
| and an interest rate (either required rate of return or yield to maturity) of 10 percent. |
How much is the modified Duration of the bond in years?
|
1.55 |
||
|
1.65 |
||
|
1.75 |
||
|
1.85 |
||
|
1.95 |
||
|
2 |
||
|
2.01 |
||
|
2.11 |
||
|
3 |
||
|
4 |
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Consider a bond with two year remaining to
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