Question: Required: A nine - year bond paying coupons annually has a yield of 1 0 % and a duration of 7 . 1 9 7

Required:
A nine-year bond paying coupons annually has a yield of 10% and a duration of 7.197 years. If the bond's yield changes by 75 basis points, what is the percentage change in the bond's price? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Required: A nine-year bond paying coupons annually has a yield of

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