A bond has a Macaulay's duration of 9.7 years. If rates changes from 4.9% to 5.1%, what will be the %age change bonds price?

Please write the answer in TWO decimal places and NOT PERCENTAGE.

elective du (10,895.88 - 9.197.947 (2 x 10,000 x 0.013) = 1,697.94/260-6.530 Path: p. span QUESTION 15 A bond has a Macaulay's duration of 9.7 years. If rates changes from 4.9% to 5.1%, what will be the age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE. QUESTION 16 111 T How did you compute answer in previous question? TTTT Paragraph Arial 3 (12pt) *DOQ T' T. fx Mashup HTML CSS "ick Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro