Question 1 (of 3) Save &Exit Submit 1 100points A bond currently sells for $1,020, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $985. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Duration References eBook & Resources Worksheet Learning Objective: 11-02 Compute the duration of bonds, and use duration to measure interest rate sensitivity