Question: Required: An eight - year bond paying coupons annually has a yield of 9 % and a duration of 7 . 2 0 1 years.

Required:
An eight-year bond paying coupons annually has a yield of 9% and a duration of 7.201 years. If the bond's yield changes by 25 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: An eight-year bond paying coupons annually has a yield of

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