Based on a modified duration of 4.1141, the price of the bond should increase by approximately 4.1141% in response to a 1.00% increase in yield-to-maturity (YTM).   Select one: True False

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Based on a modified duration of 4.1141, the price of the bond should increase by approximately 4.1141% in response to a 1.00% increase in yield-to-maturity (YTM).

 

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