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A 30-year U.S. bond paying 6 percent coupon with a yield of 9 percent has a duration of 11.4448 years. If the interest rate falls

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A 30-year U.S. bond paying 6 percent coupon with a yield of 9 percent has a duration of 11.4448 years. If the interest rate falls by 20 basis points, what is the approximate percentage change in the bond price? Make sure to show your work. (3 points) For the toolbar, press ALT F10 (PC) or ALT-FN.F10 (Mac). BIUS Paragraph Arial 14px A 2 T XoGQS 3 XX, 1 EB SHER 0

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