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a. 0.77. b. -0.77. c. -0.90. d. -1.06. e. none of the above. Because of a change in the required rate of return from 11
| a. | 0.77. |
| b. | -0.77. |
| c. | -0.90. |
| d. | -1.06. |
| e. | none of the above. |
Because of a change in the required rate of return from 11 percent to 13 percent, the bond price of a zero-coupon bond will fall from $1,000 to $860. Thus, the bond price elasticity for this bond is
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