Question
What is the percentage change in a5-year zero-coupon bond with a duration of 5years, when interest rates increase from9% to10%? Round to one decimal place
What is the percentage change in a5-year zero-coupon bond with a duration of 5years, when interest rates increase from9% to10%? Round to one decimal place as needed.
A.
5%
B.
1%
C.
4.7%
D.
4.5%
E.
5.1%
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