Find the approximate bonds modified duration by using
Consider a 30-year corporate bond paying 8 percent semi-annual coupon. The current yield tomaturity is 10 percent. Find the approximate bond’s modified duration by using changes in theinterest rate up and down by 5 basis points.
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consider a 30-year corporate bond paying 8 percent semi-annual coupon the current yield tomaturity is 10 percent find
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