An seven-year bond has a yield of 8 and a duration of 7199, Financial Management

An seven-year bond has a yield of 8 and a duration of 7199

A(n) seven-year bond has a yield of 8% and a duration of 7.199 years. If the bond's yield increases by 25 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.)

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Financial Management: An seven-year bond has a yield of 8 and a duration of 7199

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Financial Management: An seven-year bond has a yield of 8 and a duration of 7199

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