Exhibit 18.3
Use the Information Below for the Following Problem(S)
A $1000 par value bond with 4 years to maturity and a 5% coupon has a yield to maturity of 6%. Interest is paid annually.
-Refer to Exhibit 18.3.Calculate the modified duration for the bond.
A) 3.51 years
B) 3.61 years
C) 3.72 years
D) 4.38 years
E) 7.44 years
Correct Answer:
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Q96: Suppose the current 7 year rate is
Q97: Assume that you purchase a 10-year $1,000
Q98: Exhibit 18.1
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Q99: Assume that you purchase a 3-year $1,000
Q102: Zappo Corporation just issued $1,000 face value
Q103: Exhibit 18.2
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Q104: Exhibit 18.2
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Q105: Exhibit 18.2
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Q106: Exhibit 18.3
Use the Information Below for the
Q127: If the price before yields changed was
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