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  3. a nine-year bond has a yield of 10% and a duration

A nine-year bond has a yield of 10% and a duration of 7.210 years. If...

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Accounting

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A nine-year bond has a yield of 10% and a duration of 7.210 years. If the bond's yield increases by 25 basis points, what is the percentage change in the bond's price as predicted by the duration formula? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) The bond's price increased by decreased by

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