In: Finance
A(n) eight-year bond has a yield of 9% and a duration of 7.201 years. If the bond's yield increases by 25 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 (Click to select)decreased byincreased by %. |