An analyst gathers the following details about a bond portfolio:
- Bond 1: Market Price = 95 (per 100 of par value), Money Duration = 730 (per 100 of par value)
- Bond 2: Market Price = 120 (per 100 of par value), Money Duration = 515 (per 100 of par value)
If each bond has a par value of €25 million, the modified duration of this bond portfolio is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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An analyst gathers the following details about a bond portfolio:
Bond 1: Market Price = 95 (per 100 of par value), Money Duration = 730 (per 100 of par value)
Bond 2: Market Price = 120 (per 100 of par value), Money Duration = 515 (per 100 of par value)
If each bond has a par value of €25 million, the modified duration of this bond portfolio is closest to:
