A bond has a macaulay duration of 625 years what will be
A bond has a Macaulay duration of 6.25 years. What will be the percentage change in the bond price if the yield to maturity increases from 6 percent to 6.4 percent?
A. -2.23 percent
B. -2.43 percent
C. -3.30 percent
D. -3.38 percent
E. -3.46 percent
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