Question
The approximate percentage change in a bond’s price
for a 1% change in yield to maturity is given by:Solution
Modified Duration provides the approximate percentage change in a bond’s price for a 1% change in yield to maturity. The Macaulay duration of a bond is a weighted number of periods until the cash flows are to received.
Statement: X > Y > Z; A > C > X; A < D
Conclusion: I. Z < AÂ Â Â Â Â Â II. C > Y
In this question, two statements are followed by two conclusions, numbered I and II. Find out which conclusion(s) is/are definitely true, based on the ...
Statement: P = Q ≥ S ≥ T < O < Z ≥ X; T > H
Conclusion:
I.  H ≥ X
II. Â P > H
...Statements: J > K = L ≥ M ≥ Q; N < O ≤ P < Q
Conclusions:
I. Q > N
II. J > O
Statements: R = S > Y ≥ T = W ≥ U > V > X
Conclusions:
I. Y < X
II. S > V
III. U ≤ RStatement:G≥ K, K ≤ S, S = M, M < N
Conclusion: I. N > K II. G < S
Statements: P = Q = R > S > T > Z; U > R < V < W > X
Conclusions:
I. W > Z
II. R < W
III. R < X
Statements: R > U ≤ V = W ≥ S; T < M ≤ P = S
Conclusions:
I. V ≥ M
II. P < V
III. W ≥ T
Which of the following set of elements should be placed in the place of question marks respectively (in same order from left to right) in order to compl...
Statement:  F > E = L ≤ V ≤ P = C
Conclusions:
I. C > E
II. E = C
III. F > P
IV. C ≥ E
...
