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A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market yield changes by 50 basis points, what is
A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market yield changes by 50 basis points, what is the percentage change in the bonds price? (Do not round intermediate calculations. Input the amount as a positive value. Round your answer to 2 decimal places.)
I got, but was incorrect:
The percentage change in the bonds price is | (3.27)selected answer incorrect | % |
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