only answer to question 10 A bond has a price of $980, a coupon rate...

90.2K

Verified Solution

Question

Finance

only answer to question 10

A bond has a price of $980, a coupon rate of 5% payable annually (year-end) and exactly 5 years to maturity. (answer 5.47%) 9. Refer to the information in question 8 to answer this question( answer $810.46). 10. Refer to questions 8 and 9 to answer this question. What would be the duration estimated price (not exact) for the same bond as in 8 and for the same yield change as given in 9? A) $707.07 B) $788.81 C) $810.46 D) $933.33 E) $1216.47

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