Question: Required: A nine-year bond paying coupons annually has a yield of 10% and a duration of 7.194 years. If the bond's yield changes by 50

Required: A nine-year bond paying coupons annually has a yield of 10% and a duration of 7.194 years. If the bond's yield changes by 50 basis points, what is the percentage change in the bond's price? Note: Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places

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