[Solved] A bond has a Macaulay duration of 6.25 ye

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A bond has a Macaulay duration of 6.25 years. What will be the percentage change in the bond price if the yield to maturity increases

A bond has a Macaulay duration of 6.25 years. What will be the percentage change in the bond price if the yield to maturity increases from 6 percent to 6.4 percent?

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