A 9-year bond has a yield of 13 % and a duration of 7.522 years. If...
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A 9-year bond has a yield of 13 % and a duration of 7.522 years. If the market yield changes by 70 basis points, what is the percentage change in the bond's price? (Assume modified duration and a positive Increase in yield change. Do not round Intermediate calculations. Negative value should be Indicated by a minus sign. Round your answer to 2 decimal places.) The percentage change in the bond's price is % A 9-year bond has a yield of 13 % and a duration of 7.522 years. If the market yield changes by 70 basis points, what is the percentage change in the bond's price? (Assume modified duration and a positive Increase in yield change. Do not round Intermediate calculations. Negative value should be Indicated by a minus sign. Round your answer to 2 decimal places.) The percentage change in the bond's price is %
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