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Basic Question 5 of 5
A fixed-income portfolio manager owns a $5 million par value non-callable bond. The bond's duration is 5.6 and the current market value is $5,125,000. The dollar duration of the bond is closest to ______.
B. $287,000
C. $700,000
A. $280,000
B. $287,000
C. $700,000
User Contributed Comments 3
| User | Comment |
|---|---|
| tomalot | For anyone that's interested, the answer is also $287,000.0000000000 |
| GBolt93 | You definitely rounded that last 0 |
| sshetty2 | yep. Forgot a zero. please go back to notes |
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
define, calculate, and interpret modified duration, money duration, and the price value of a basis point (PVBP)
CFA® 2024 Level I Curriculum, Volume 4, Module 11.