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An investor wants to find the duration of a(n) 10-year, 6% semiannual pay, noncallable bond...

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Accounting

An investor wants to find the duration of a(n) 10-year, 6% semiannual pay, noncallable bond that's currently priced in the market at $576.24, to yield 14%. Using a 150 basis point change in yield, find the effective duration of this bond (Hint: use Equation 11.11). The new price of the bond if the market interest rate decreases by 150 basis points (or 1.5%) is $ (Round to the nearest cent.)
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An investor wants to find the duration of a(n) 10 year, 6% semiannual pay, noncalable bond thats currently priced in the maket at $576.24, to yeid 14$ Using a 150 basis peint change in yeld, find the effoctive duration of this bond (Pint use Equation 11.11 ) The now price of the bond it the market interest rate decreases by 180 basis points (.1.5%) is 5 (Round to the nearest cent.)

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