Consider a 25-year, $1000 par semiannual-p
题型:单项选择题
问题:
Consider a 25-year, $1000 par semiannual-pay bond with a 7.5% coupon and a 9.25% YTM. Based on a yield change of 50 basis points, the effective duration of the bond is closest to:()
A. 8.73.
B. 10.03
C. 11.45.