An 8 30-year semi-annual corporate bond was recently being


An 8%, 30-year semi-annual corporate bond was recently being priced to yield 10%. The Macaulay duration for this bond is 10.2 years. What is the bond’s modified duration?

How much will the price of this bond change if interest rates increase by 125 basis points across the yield curve?

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Financial Management: An 8 30-year semi-annual corporate bond was recently being
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