Question: Saved Help Save & Exit A nine-year bond has a yield of 10% and a duration of 7.194 years. If the bond's yield increases by

Saved Help Save & Exit A nine-year bond has a yield of 10% and a duration of 7.194 years. If the bond's yield increases by 50 basis points, what is the percentage change in the bond's price as predicted by the duration formula? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) The bond's price decreased by 3.27 %. 39F Partly cloudy to search O DELL

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