There is a security with 10 years to maturity, a coupon rate of 3.1% and a face value of $1,000.

Calculate the bonds value at the following interest rates.

Interest Rate %	Bond Value
8.6
10.6
12.6
14.6

Calculate the bonds value if the interest rate increases by 10-basis points (0.1%) for each of the above interest rates.

Interest Rate % + .001%	Bond Value
8.6
10.6
12.6
14.6

Calculate the change in the bond price to a change in the interest rates (slope: chg Bond / chg rate).

Interest Rate %	Chg Bond / .001
8.6
10.6
12.6
14.6

Calculate the approximate Bonds elasticity at each of the interest rates.

Interest Rate %	Approximate Elasticity
8.6
10.6
12.6
14.6