Question a nine-year bond has a yield of 10 and a duration, Ask an Expert

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Question: A nine-year bond 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? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. Omit the "%" sign in your response.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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