2. Dhofar company issued bonds with 500 $ face value and 10 percent annual coupon rate The current yield to maturity on this bond is 5 percent and maturity date in 6 years. The current market price is...

Extracted text: 2. Dhofar company issued bonds with 500 $ face value and 10 percent annual coupon rate The current yield to maturity on this bond is 5 percent and maturity date in 6 years. The current market price is 626.89.Calculate the expected change in the bond price if the yield to maturity is expected to decrease by 0.12 percent and the modified duration of this bond is 4.69 .