Question: Chapter 16 6 Saved Help Save & Exit Submit Check my work A 9-year bond has a yield of 7% and a duration of 8.594

Chapter 16 6 Saved Help Save & Exit Submit Check my

Chapter 16 6 Saved Help Save & Exit Submit Check my work A 9-year bond has a yield of 7% and a duration of 8.594 years. If the market yield changes by 45 basis points, what is the percentage change in the bond's price? (Do not round intermediate calculations. Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) points The percentage change in the bond's price is eBook Print References

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