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Question 14 4 pts nts A 9%, 16-year annual pay bond has a yield to maturity of 11% and Macaulay duration of 9.25 years. If

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Question 14 4 pts nts A 9%, 16-year annual pay bond has a yield to maturity of 11% and Macaulay duration of 9.25 years. If the market yield declines by 32 basis points, answer the following question: Will the price of the bond go up or down, given the change in rates? aries Why is the duration of the bond much lower than the maturity of the bond? ations Note there are two answers! Edit View Insert Format Tools Table

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