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Consider the following What is the duration of a two-year bond that pays an annual coupon of 12 percent and whose current yield to maturity

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Consider the following What is the duration of a two-year bond that pays an annual coupon of 12 percent and whose current yield to maturity is 15 percent? Jse $1,000 as the face value. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) . What is the expected change in the price of the bond if interest rates are expected to decrease by 0.3 percent? (Negative amount chould be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

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