What is the percentage change in the bonds price as


A ten-year bond has a yield of 11% and a duration of 7.205 years. If the bond's yield increases by 75 basis points, what is the percentage change in the bond's price as predicted by the duration formula? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

The bond's price (Click to select)decreased byincreased by _______%.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the percentage change in the bonds price as
Reference No:- TGS02365144

Expected delivery within 24 Hours