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Approx. Elasticity The table below shows the time to maturity for 3 bonds, a 2-year, 3-year, and 5 -year. Each annual coupon bond has a

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Approx. Elasticity The table below shows the time to maturity for 3 bonds, a 2-year, 3-year, and 5 -year. Each annual coupon bond has a yield to maturity of 3.86% and a coupon rate of 3.99%. Estimate the percent change in bonds price to a percent change in one plus the interest rate, assuming a 10 basis point change in the interest rates

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