# A ten-year bond has a yield of 12% and a duration of 7.206 years. If the bond’s yield increases by 5

- September 24, 2021 /
- ecommerce Development, web development, Software Development, Online marketing, Magento, Ecommerce

A ten-year bond has a yield of 12% and a duration of 7.206 years. If the bond’s yield increases by 50 basis points, what is the percentage change in the bond’s price as predicted by the duration formula? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)The bond’s price: (increased/decreased) _________%.