You own a fixed income asset with a macaulay duration of 5


You own a fixed income asset with a MaCaulay duration of 5 years. If the level of required yields, which is currently at 8%, goes down by 0.10%, how much do you expect the price of the asset to change (in percentage terms)?

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Finance Basics: You own a fixed income asset with a macaulay duration of 5
Reference No:- TGS0604598

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