Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Consider the following two Treasury securities: Bond Price Modified duration (years) A $100 6 B $80 7 For a 25 basis-point change in interest rates, which bond has the greatest percentage change in price? A. Bond A B. Bond B C. Can't be determinedarrow_forwardces You find a bond with 25 years until maturity that has a coupon rate of 8 percent and a yield to maturity of 9 percent. What is the Macaulay duration? The modified duration? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Macaulay Modified Duration years yearsarrow_forwardThe $1,000 face value 7% coupon bond pays interest semi-annually. The bond will mature in 5-years. Find the Modified duration of the bond if it sells for $1,025.30. (A) 4.54-years (B) 4.18-years (C) 4.40-years (D) 5.00-yearsarrow_forward
- Bond Principal ($) Time to Maturity (yrs) 100 0.5 100 1.0 100 1.5 100 2.0 *Half the stated coupon is paid every six months Annual Coupon ($)* 0.0 0.0 6.2 8.0 Bond Price ($) 98 95 101 100 Calculate the 2-year par yield. Enter your answer rounded to four decimal places, skip the % sign. For example, if your calculation results in 0.1234567 %, you only need to enter 0.1235.arrow_forwardWhatis the Duration of yes for Macaulay and modifiedarrow_forwardWith TI-84 Plus CEarrow_forward
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