Question: Need the answer fast, comprehensive and detailed. Make sure its correct.Otherwise, I will down rate. 4. An 8%, 15-year bond has a yield to maturity

Need the answer fast, comprehensive and detailed. Make sure its correct.Otherwise, I will down rate.

4. An 8%, 15-year bond has a yield to maturity of 10% and duration of 8.05 years. If the market yield changes by 25 basis points, how much change will there be in the bond's price? (1 basis point =0.01%) A. 1.83% B. 2.01% C. 3.27% D. 6.44%

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