Question
A(n) seven-year bond has a yield of 8% and a duration of 7.199 years. If the bond's yield changes by 25 basis points, what is
A(n) seven-year bond has a yield of 8% and a duration of 7.199 years. If the bond's yield changes by 25 basis points, what is the percentage change in the bond's price? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| The bond's price %. |
*PLEASE SHOW WORK AND EXPLAIN*
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Finance For Development
Authors: Barbara Stallings
1st Edition
0815780850, 978-0815780854
