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(c) is not the correct answer A bond is currently selling for 11 747...

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(c) is not the correct answer

A bond is currently selling for 11 747 & (10) at that price it 7.007 (an annual effective provides a figld-to- interest rate ). The bond's Macaulay duration Using a first order Mecaulay approximation, interest rates decrease by hasis points. d) 11, 914 b) 1,8.25 e) 11,830 o 11, 669 price will be if Q) 11,836 1

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