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A bond has an annual modified duration of 7 . 3 and annual convexity of 5 3 . 7 . If the bond s yield

A bond has an annual modified duration of 7.3 and annual convexity of 53.7. If the bonds yield-to-maturity decreases by 46 bps, what is the expected percentage price change of the bond?
Enter answer in percents.

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