Examininng duration of bond


A bond currently sells for $1,275, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 34 basis points, the price of the bond falls to $1,241.

Required:

What is the duration of this bond? (Round your answer to 2 decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Examininng duration of bond
Reference No:- TGS045143

Expected delivery within 24 Hours