Question: Consider a zero coupon bond with 20 years to maturity. Based on the bond's duration The percentage change in the price of the bond if

Consider a zero coupon bond with 20 years to maturity. Based on the bond's duration The percentage change in the price of the bond if its yield to maturity decreases from 7% to 5% is closest to:

A) 70%

B) 17%

C) 22%

D) 38%

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