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funkiiee funkiiee
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2 months ago
A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%.  The market interest rate has increased by 0.47%. The modified duration is

▸ 9.4 years.

▸ 14.1 years.

▸ 18.29 years.

▸ 27.44 years.
Textbook 

Fundamentals of Investing


Edition: 14th
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daddyb1daddyb1
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18.29 years.

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