Question: ASAP PLEASE A 14-year zero coupon bond with a face value of $1,000 is currently selling for $44.6. Using the bond's modified duration, what is
ASAP PLEASE
A 14-year zero coupon bond with a face value of $1,000 is currently selling for $44.6. Using the bond's modified duration, what is the approximate %age change in the price of the bond if interest rates rise by 76 basis points?
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