A bond has a macaulay duration of 625 years what will be


A bond has a Macaulay duration of 6.25 years. What will be the percentage change in the bond price if the yield to maturity increases from 6 percent to 6.4 percent?

A. -2.23 percent

B. -2.43 percent

C. -3.30 percent

D. -3.38 percent

E. -3.46 percent

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Financial Management: A bond has a macaulay duration of 625 years what will be
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