Question: Required: A six - year bond paying coupons annually has a yield of 7 % and a duration of 7 . 2 0 2 years.

Required:
A six-year bond paying coupons annually has a yield of 7% and a duration of 7.202 years. If the bond's yield changes by 75 basis points, what is the percentage change in the bond's price? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)
The bond's price
Required: A six-year bond paying coupons annually has a yield of

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