What is the impact on the market price of the bond in terms


Question: You own a coupon bond with; 1) a market value of $1,000, 2) a YTM of 5.00% and, 3) duration of 3.85 years.

What is the impact on the market price of the bond (in terms of % and in $) if the market rate declined by 1.50%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: What is the impact on the market price of the bond in terms
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