A 9-year bond has a yield of 9% and a duration of 7.386 years. If the market yield changes by 60 points, what is the percentage change in the bond’s price?
Do not round intermediate calculations. Input the amount as a positive value. Round your answer to 2 decimal places.
The percentage change in the bond’s price is ____%
Leave a Reply
Want to join the discussion?Feel free to contribute!