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A 9-year bond has a yield of 8.5% and a duration of 8.489 years. If the market yield changes by 90 basis points, what is

A 9-year bond has a yield of 8.5% and a duration of 8.489 years. If the market yield changes by 90 basis points, what is the percentage change in the bonds price? (Do not round intermediate calculations. Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Answer is not 7.04

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