Question:
A bond has a duration of 7.65 and has a YTM of 0.08 when
Last updated: 7/9/2022
![A bond has a duration of 7.65 and has a YTM of 0.08 when](https://media.kunduz.com/media/sug-question/raw/84334760-1657400755.6365383.jpeg?h=512)
A bond has a duration of 7.65 and has a YTM of 0.08 when interest rates change by 100 basis points. What is the expected change in price for the bond using only this information? -0.0758 O -0.0614 O-0.0708 -0.0653 -0.0805