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A 30-year bond has a yield of 8% and a duration of 22.18 years. If the bonds yield decreases by 80 basis points, what is

A 30-year bond has a yield of 8% and a duration of 22.18 years. If the bonds yield decreases by 80 basis points, what is the percentage change in the bonds price?

Note that 1 percent is 100 basis points. You should show all calculations with the answer to earn full credit

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