A bond has a duration of 4 years and a price of $1,000. The yield to maturity of the bond just changed from 5 percent to 7 percent. The new price of the bond should be
A) $1,076.
B) $924..
C) $1,093.
D) $907.

Question

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The Answer of A bond has a duration of 4 years and a price of $1,000. The yield to maturity of the bond just changed from 5 percent to 7 percent. The new price of the bond should be
A) $1,076.
B) $924..
C) $1,093.
D) $907.

A Bond Has a Duration of 4 Years and a Price