An nine-year bond has a yield of 10 and a duration of 7197, Financial Management

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An nine-year bond has a yield of 10 and a duration of 7197

A(n) nine-year bond has a yield of 10% and a duration of 7.197 years. If the bond's yield increases by 75 basis points, what is the percentage change in the bond's price? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) The bond's price

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Financial Management: An nine-year bond has a yield of 10 and a duration of 7197

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Financial Management: An nine-year bond has a yield of 10 and a duration of 7197

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