Question: 2 p Question 9 This is the same bond as in the previous question, but just in case, here is the information again: Bond XYZ

 2 p Question 9 This is the same bond as in

2 p Question 9 This is the same bond as in the previous question, but just in case, here is the information again: Bond XYZ is a 4-year, 8% annual coupon bond, with $1,000 par value. The required return on the bond is 5.4%. What is the approximate percentage change in the price of bond XYZ given a 2% increase in interest rates (using modified duration)? (2 points) Enter your answ with as a number with 4 decimals and if the number is negative do not forget the minus sign .g.-0.0123 DO NOT ENTER THE ANSWER AS A PERCENTAGE..g.-1.23%

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