Question: MD & Convexity value change. A bond's duration is 8 and its convexity is 64. It interest rates fall by 75 basis points, the bond's

MD & Convexity value change. A bond's duration is 8 and

MD & Convexity value change. A bond's duration is 8 and its convexity is 64. It interest rates fall by 75 basis points, the bond's approximate percentage price change is closest to: a. Using only the duration of the bond? Number % Round your answer to two decimal places. b. Using both the duration and the convexity of the bond? Number Round your answer to two decimal places

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