An eight-year bond has a yield of 10 and a duration of


A(n) eight-year bond has a yield of 10% and a duration of 7.208 years. If the bond's yield changes by 50 basis points, what is the percentage change in the bond's price?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: An eight-year bond has a yield of 10 and a duration of
Reference No:- TGS0757752

Expected delivery within 24 Hours