Question: the answer is E but please show why 11. A bond has an 8% required return. Interest rates are projected to rise 25 basis points.

the answer is E but please show why

11. A bond has an 8% required return. Interest rates are projected to rise 25 basis points. The bond's duration is 6 years. What is the predicted price change? A) 1.11% B) 2.15% C) 2.02% D) 1.50% B) 1.39%

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