A nine-year bond has a yield of 10 and a duration of 7194


A nine-year bond has a yield of 10% and a duration of 7.194 years. If the bond's yield increases by 50 basis points, what is the percentage change in the bond's price? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

The bond's price

%.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A nine-year bond has a yield of 10 and a duration of 7194
Reference No:- TGS01163169

Expected delivery within 24 Hours