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Round the numerical result of your calculation to 2 decimal places. Do not include a $ sign. If the price decreases, indicate so with a

image text in transcribed Round the numerical result of your calculation to 2 decimal places. Do not include a \$ sign. If the price decreases, indicate so with a minus sign. Bond X is a 10-year bond with a 9 percent coupon paid annually. The duration of Bond X is 6.995 . The bond sells for $1,000 when the interest rate on comparable debt is 9%. Using duration, compute the change in the price of Bond X is the interest rate rises to 9.2%. QUESTION 24 Report the numerical result with 2 decimal places. Do not include a \$ sign. Consider Bond X of the previous problem. What is the forecasted price of Bond X if the interest rate rises from 9% to 9.2% ? QUESTION 25 Report the numerical result from (c) rounded to the nearest dollar. Do not include a \$ sign. Do not include a + or sign

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