Posted by ben on Thursday, March 15, 2012 at 4:23am.
A bond currently sells for $1,250, which gives it a yield to maturity of 7%. Suppose that if the yield increases by 22 basis points, the price of the bond falls to $1,228.
Required:
What is the duration of this bond?

investment  Anonymous, Thursday, April 10, 2014 at 9:56pm
20
Answer This Question
Related Questions
 Finance  A bond currently sells for $1,120, which gives it a yield to maturity ...
 investment and real estate analysis  A 9year bond has a yield of 6.0% and a ...
 fin  Which of the following statements is CORRECT? (Points : 10) If a bond is ...
 Finance  Which of the following statments is CORRECT? a. Assume that two bonds ...
 Corporate Finance  The yieldtomaturity on a bond is the interest rate you ...
 finance  The Corner Grocer has a 7year, 6 percent annual coupon bond ...
 finance  the corner grocer has a 7year, 6 percent annual coupon bond ...
 finance  the corner grocer has a 7year, 6 percent annual coupon bond ...
 FINANCE  Current yield and yield to maturity A bond has a $1,000 par value, 10 ...
 Finance  Bond Yields. An AT&T bond has 10 years until maturity, a coupon rate ...
More Related Questions