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

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