Interest rates increase by 75 basis points

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A two-year bond that pays an annual coupon of 12 percent, duration 1.8912 and has a current yield to maturity of 14 percent.What would be the percentage change in the value of the bond if interest rates increase by 75 basis points? Round intermediate steps and your final answer to four decimals. Round your answer to four decimal places

Reference no: EM132234792

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