An annual payment bond has a $9$ percent required return. Interest rates are projected to rise $50$ basis points. The bond's duration is $12$ years. Use duration to estimate the predicted price change is

Multiple Choice

$4\mathrm{.}5\%$

$-5\mathrm{.}5\%$

$-7\mathrm{.}5\%$

Prev

$7$ of $7$

Next

$10$:$53$ AM

$\frac{6}{21}\frac{?}{2024}$

to search