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GM has issued bonds that currently have a yield-to-maturity of 4%. These bonds have a modified duration of 6.15 and aconvexity measure of 46. Approximate

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GM has issued bonds that currently have a yield-to-maturity of 4%. These bonds have a modified duration of 6.15 and aconvexity measure of 46. Approximate the percentage change in the price of these bonds if the yield-to-maturity increases to 4.75%. Please write your answer using at least 3 decimal places. 4.353 0.1 1 point 4.75%

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