Question: Problem 16 Intro You have a bond with a modified duration of 11 years currently. The convexity of the bond is 194. Part 1 -

Problem 16 Intro You have a bond with a modified duration of 11 years currently. The convexity of the bond is 194. Part 1 - Attempt 1/5 for 10 pts. Assuming the bond's yield changes from 8.4% to 9.9%, use duration and convexity to determine the approximate percentage change in the bond's price. Enter your answer as a decimal, not as a percentage. 3+ decima Submit

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