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Duration - Day8.1 MidtermExamReview July14,2011 Day8Agenda...

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Business Management 301 Day 8.1 Midterm Exam Review July 14, 2011
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Day 8 Agenda 1) TA Review Session Today 11:00-12:00 W308 2) Midterm Exam July 14-15 (Note: Testing  Center Closes 5:00 PM on Friday, July 15) 3) Personal Finance POW/Duration & Citigroup  POW both due Friday, July 15 at 9:00 PM 4) Course Survey 5) Reading Quiz Chapter 11 & 12 Due Tuesday,  July 19 at 8:00 AM 6) POW #6: Duration & Citigroup POW 7) Midterm Exam Review
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POW #6 : POW #6 : Duration Exercise Duration Exercise
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  POW #6: Duration Exercise   You are evaluating an investment in an annual pay bond with  exactly four years to maturity.  The bond’s coupon rate is 10% and  the bonds current YTM is 13%.     1) Calculate the bonds duration and modified duration. 2) How would you explain the concept of duration to an  inexperienced investor?  What factors influence duration?
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