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A corporate bond with annual coupons has a duration of 4.2 years and a yield to maturity of 4%. Using the duration approximation, what would

A corporate bond with annual coupons has a duration of 4.2 years and a yield to maturity of 4%.

Using the duration approximation, what would be the percentage change in the bond's price (?P/P) if yields increase by 30 basis points? Enter your answer as a decimal number, not a percentage.

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