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A 15-year bond has a coupon rate of 8% and a YTM of 10%. The Macaulay duration of this bond is 8.05 years. If the
A 15-year bond has a coupon rate of 8% and a YTM of 10%. The Macaulay duration of this bond is 8.05 years. If the YTM rises by 25 basis points, by how much will the bond's price change? Please enter your answer in percent, rounded to the nearest basis point.
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