A bond currently sells for 1050 which gives it a yield to


A bond currently sells for $1,050, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,025. What is the duration of this bond?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: A bond currently sells for 1050 which gives it a yield to
Reference No:- TGS0617744

Expected delivery within 24 Hours