Using Modified Duration

Quantitative Finance Level 2

A fixed coupon that expires in 10 years with a face value of $1000 is currently priced at $1200. It has a modified duration of 2.5. What would be the bond price if yield increased by 1%?

Note: Ignore convexity considerations

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Using Modified Duration

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100 Day Summer Challenge

Using Modified Duration

Excel in math and science

Master concepts by solving fun, challenging problems.

It's hard to learn from lectures and videos

Learn more effectively through short, conceptual quizzes.

Our wiki is made for math and science

Master advanced concepts through explanations, examples, and problems from the community.

Used and loved by 4 million people

Learn from a vibrant community of students and enthusiasts, including olympiad champions, researchers, and professionals.

Master advanced concepts through explanations,
examples, and problems from the community.

Learn from a vibrant community of students and enthusiasts,
including olympiad champions, researchers, and professionals.

Master advanced concepts through explanations,
examples, and problems from the community.

Learn from a vibrant community of students and enthusiasts,
including olympiad champions, researchers, and professionals.