Bond - precentage change, Consider an American bond with an

Bond - precentage change

Reference no: EM1338723

Consider an American bond with an effective duration (which is pretty much the same as modified duration, but more precise) of 6.76 years having a yield to maturity of 7% and interest rates are expected to rise by 50 basis points. What is the percentage change in the price of the bond?

Reference no: EM1338723

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