Question: You hold a zero coupon bond when there is a sudden change in interest rates. It has 14 years to maturity. Yield to maturity is

You hold a zero coupon bond when there is a sudden change in interest rates. It has 14 years to maturity. Yield to maturity is 0.06, and rates change by FALLING -0.002 overnight. By how much does your bond change in value as a percentage or decimal? (Zero coupon bonds assume semi-annual compounding.)

Group of answer choices 0.0302 0.0276 0.0269 0.0294 0.0285

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