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A bond has a YTM of 5.88% and a modified duration of 15.24 years. Assuming annual compounding, what is the approximate change in the bond's

A bond has a YTM of 5.88% and a modified duration of 15.24 years. Assuming annual compounding, what is the approximate change in the bond's price if market interest rates change by 0.93%? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%).

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