Question:. Suppose we have a bond with current price of $102, 2.35% YTM,
and Modified Duration...
Question
. Suppose we have a bond with current price of $102, 2.35% YTM,
and Modified Duration...
. Suppose we have a bond with current price of $102, 2.35% YTM,
and Modified Duration of 7.8; if the YTM decreases to 2.45%, use
its Modified Duration to find the new price.