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  3. a(n) eight-year bond has a yield of 9% and a durat

A(n) eight-year bond has a yield of 9% and a duration of 7.201 years. If the...

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Finance

A(n) eight-year bond has a yield of 9% and a duration of 7.201years. If the bond's yield increases by 25 basis points, what isthe percentage change in the bond's price? (Input the valueas a positive value. Do not round intermediate calculations. Roundyour answer to 2 decimal places.)


  The bond's price (Click to select)decreasedbyincreased by   %.

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