Question: Using the bond data above, if interest rates decreased by 1%, how much will the value of the bond change (expressed as a percentage,

Bond Terms Par Value Duration (yrs) Coupon Frequency Current rates: Bond features: MACD Modified Duration

Using the bond data above, if interest rates decreased by 1%, how much will the value of the bond change (expressed as a percentage, rounded two decimals)? Bond Terms Par Value Duration (yrs) Coupon Frequency Current rates: Bond features: MACD Modified Duration $1,000 4 4.00% Semiannual 4.75% Callable at Par 3.732 3.645

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