Question: Question 8 (1 point) Consider a bond with a YTM of 6% that sells at $985. If the yield increases to 6.25% the bond's new

Question 8 (1 point) Consider a bond with a YTM of

Question 8 (1 point) Consider a bond with a YTM of 6% that sells at $985. If the yield increases to 6.25% the bond's new price will be $950. The duration of this bond is approximately 7.5 years 10.2 years 12.9 years 15.0 years 18.4 years

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