Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. at a yield rate of j2 = 9%, an asset portfolio has

At a yield rate of j2 = 9%, an asset portfolio has a market value...

90.2K

Verified Solution

Question

Finance

At a yield rate of j2 = 9%, an asset portfolio has a market value of $890,000 and Macaulay duration of x-years. If the yield rate rises to j2 = 10.25%, the estimated market value of this asset portfolio is $852,875. What is the value of x?

  • A.

    3.487

  • B.

    3.508

  • C.

    3.337

  • D.

    3.844

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Charles Davenport became the Director (in 1910) of the new Eugenics Record Office at Cold Spring...

Economics
1.2K views

Why is education spending one of the first areas the state legislature cuts when faced with...

General Management
1.2K views

Menen Quality Manufacturers has recently hired a new manager called Mr Freddy who is in charge...

Biology
1.2K views

Green algae differ from land plants in that many green algae OA have alternation of...

Physics
1.2K views

3 A conductor ABOCD moves along its bisector with a velocity 1 m s through...

Basic Math
1.2K views

7. At a college bookstore, Carla purchased a math textbook and a novel that cost...

Accounting
1.2K views

I see the light income statement. Having Problems with the questions that require the yellow...

Accounting
1.2K views

The first audit of the books of Fenimore Company was conducted for the year ended...

Accounting
1.2K views

5-1, 5-3, 5-4, 5-5, 5-7, 5-8 on page 224 51 What is the...

Accounting
1.2K views

Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income...

Accounting
1.2K views

A tv cable company has 8400 subscribers who are each paying $34 per month. It...

Finance
1.2K views

An entity reports net income for the year. Explain how the entity could have negative...