Question: Required: A nine-year bond paying coupons annually has a yleld of 10% and a duration of 7213 years, If the bond's yield changes by 60

Required: A nine-year bond paying coupons annually has a yleld of 10% and a duration of 7213 years, If the bond's yield changes by 60 basis points, what is the percentage change in the bond's pice? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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