Question: QUESTION 4 points A $1,000 par value bond has a Macaulay's duration of 134 years. The band's current yield to maturity is 8 54% the

 QUESTION 4 points A $1,000 par value bond has a Macaulay's

QUESTION 4 points A $1,000 par value bond has a Macaulay's duration of 134 years. The band's current yield to maturity is 8 54% the band's yield to many decreases by 0.05%. what is the machinebo based on duration Assume annual compounding Submit your finanswer is a percentage rounded to two decimal places x 0.00%)

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