Friday
March 27, 2015

Homework Help: investment

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?

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