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An investor wants to find the duration of a(n)20-year, 7% semiannual pay, noncallable bond that's currently...
An investor wants to find the duration of a(n)20-year, 7% semiannual pay, noncallable bond that's currently priced in the market at $533.39, to yield 14%. Using a 250 basis point change in yield, find the effective duration of this bond
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