Question: Commercial banking need answer ASAP please ! A 14 vear zero coupon bond with a face value of $1.000 is currently selling for $44.6. Using

Commercial banking need answer ASAP please !

A 14 vear 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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