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Question 20 (5 points): bond with Macaulay' duration of 10 is worth $1,050, and its yield to maturity is 8% Ir the yield to maturity

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Question 20 (5 points): bond with Macaulay' duration of 10 is worth $1,050, and its yield to maturity is 8% Ir the yield to maturity fall.ven the duration formula, you would predict that the new value of the bond will be Approximately AL S1.065.56 B. $1,036.00 L ST.096.00 DI SI.124.00 E None of the above Justification

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