calculate the duration of an 8% $ 1000 par bond that matures in three year if the bond 9 ytm is 10%
and interest is paid semi annually
a. calculate this bond's modified duration.
b. Assuming the bond's ytm goes from 10% to 9.5%. calculate an estimate of the price Change
c. Assuming the bond's ytm goes from 10% to 13% calculate an estimate of the price Change