Required: An eight - year bond paying coupons annually has a yield of 9 % and a

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Question:

Required:

An eight

-

year bond paying coupons annually has a yield of

9 %

and a duration of

7.211

years. If the bond's yield changes by

75

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.

)

Posted Date: May 19, 2024 04:01 AM

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Required: An eight - year bond paying coupons annually has a yield of 9 % and a

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