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A 9 year bond has a yield of 9.5% and a duration of 8.836 years. If the market yield changes by 50 basis points, what
A 9 year bond has a yield of 9.5% and a duration of 8.836 years. If the market yield changes by 50 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.
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