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Question 6 6.25 pts What is the approximate percentage change in the price of a 40-year 3% annual coupon bond with a Macaulay duration of

Question 6 6.25 pts What is the approximate percentage change in the price of a 40-year 3% annual coupon bond with a Macaulay duration of 22.825 years if the yield-to-maturity changes from 3.5% to 3.75%? -22.83% 0-17.12% 0 -11.41% O -5.71% 0 -6.67%

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