What is the percentage change in the bond price

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Reference no: EM131361298

Is there a difference in answer for the following questions? Or are they just the same?

- A 9-year bond has a yield of 13.5% and a duration of 8.63 years. If the MARKET yield changes by 60 basis points, what is the percentage change in the bond’s price? Is this an increase or decrease?

- A 9-year bond has a yield of 13.5% and a duration of 8.63 years. If the BOND'S yield changes by 60 basis points, what is the percentage change in the bond’s price? Is this an increase or decrease?

Reference no: EM131361298

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