An investor buys a three-year bond with a 4% coupon rate paid annually.

Offered Price: $ 3.00 Posted on: 10/09/2017 03:53 AM Due on: 10/09/2017
Question # 00600852 Subject Finance Topic Finance Tutorials: 1
Question Purchase it
4. An investor buys a three-year bond with a 4% coupon rate paid annually. The bond, with a yield-to-maturity of 6%, is purchased at a price of $94.65 per 100 of par value. Assuming a 5-basis point change in yield-to-maturity, what is the bond's approximate modified duration?
Tutorials for this Question
  1. An investor buys a three-year bond with a 4% coupon rate paid annually.

    Available for: $ 3.00 Posted on: 10/09/2017 03:53 AM
    Tutorial # 00599217 Puchased By: 0
    Tutorial Preview
    wxth x 4% xxxxxx rxtx…
    Attachments
    An_investor_buys_a_three-year_bond_with_a_4%.ZIP (18.96 KB)
Loading...