Percentage change in the bond price
Problem:
A (n) seven-year bond has a yield of 8% and duration of 7.199 years. If the bond's yield changes by 25 basis points,
Required:
Question: What is the percentage change in the bond's price?
Note: Please provide reasons to support your answer.
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Question: What is the percentage change in the bond's price? Note: Please provide reasons to support your answer.
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