You have a bond with a modified duration of 15 years currently. The convexity of the bond is 148. In the event that the bond's yield changes from 8.3% to 9.8%, what will be the approximate percentage change in the bond's price? Enter your answer as a decimal number or with the percentage sign.

Answer rating: 100% (QA)

To determine the approximate percentage change in the bond... View the full answer