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28. A bond has duration of 5 years and a yield to maturity of 9 percent. If the yield to maturity changes to 11 percent,
28. A bond has duration of 5 years and a yield to maturity of 9 percent. If the yield to maturity changes to 11 percent, what should be the percentage price change of the bond?
. 8.9%
O b. 3.45%
. 9.18%
O d. 22.67%
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
