Question 6 3 pts For a given change in yields, the difference between the actual change in a bond's price and that predicted using duration alone will be greater for: A bond with greater duration. A short-term bond. A bond with less convexity. A bond with greater convexity. D Question 7 3 pts You buy a 10 years, 8% coupon bond (pay annually), YTM is 10.4%. The duration of the bond is 7. You hold the bond for 8 years and realized a return that is greater than 10.4%. What could have happened to the interest rate? Increases Stay the same Decreases Cannot be determined