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nswered Question 8 Answered 0/5 pts Bond Q has a Duration of 13.5 years and a Convexity of 65.2. The YTM is currently 6.4%.

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nswered Question 8 Answered 0/5 pts Bond Q has a Duration of 13.5 years and a Convexity of 65.2. The YTM is currently 6.4%. You expect next week the Federal Reserve will lower interest rates and the yield on Bond Q will decrease to 5.9%. Estimate the percentage change to be experienced by Bond Q in such an event. (Do not include the "%" sign. Round to 2nd decimal point. Example: 12.3456% entered as 12.35) 6.43 (with margin: 0.01) 0.0643 (with margin: 0.0001)

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