Question: Jackson owns a twenty - year zero - coupon bond priced at $ 5 5 1 . If interest rates increase by 5 0 basis

Jackson owns a twenty-year zero-coupon bond priced at $551. If interest rates increase by 50 basis points, how much will the bond change?
The price will decrease less than 5%.
The price will increase less than 5%.
The price will decrease between 5% and 10%.
The price will decrease more than 10%.
Jackson owns a twenty - year zero - coupon bond

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