A 9-year bond has a yield of 75 and a duration of 7295, Ask an Expert

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A 9-year bond has a yield of 7.5% and a duration of 7.295 years. If the market yield changes by 100 basis points, what is the percentage change in the bond’s price? (Do not round intermediate calculations. Input the amount as a positive value. Round your answer to 2 decimal places. Omit the "%" sign in your response.) The percentage change in the bond’s price is.

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Financial Management, Finance

Category:- Financial Management
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