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Three years ago, XYZ Inc. issued bonds with a maturity period of 15 years. The coupon payments are made on a semi-annual basis and the

Three years ago, XYZ Inc. issued bonds with a maturity period of 15 years. The coupon payments are made on a semi-annual basis and the coupon rate is 6%. The current price of the bond is $1125.74. The bonds have a face value of $1000. If the market rate of interest changes to 2% at the end of the sixth year, verify that the interest rate sensitivity of this bond is very low if the bond is held for a period approximately equal to its duration

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