Question: Question 9 5 pts Using the duration approximation, what is the approximate percentage price change of a $ 1 , 0 0 0 zero coupon

Question 9
5 pts
Using the duration approximation, what is the approximate percentage price change of a $1,000 zero coupon bond with five years to maturity if the current required rate of return of 12% immediately becomes 15%?
-5%
15%
The price of the bond will not change since the cash flows are fixed.
5%
-15%
Question 9 5 pts Using the duration

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