Question: Click Submit to complete this assessment Question 22 Question 22 2 points An annual payment bond has a 15 percent required rate of return. Interest

Click Submit to complete this assessment Question 22 Question 22 2

Click Submit to complete this assessment Question 22 Question 22 2 points An annual payment bond has a 15 percent required rate of return. Interest rates are expected to decrease 22 basis points. If the bonds duration is 8 years, what is the percentage change in bond's price? (write your answer in and round it to 2 decimal places)

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