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A nine - year bond has a yield of 1 0 % and a duration of 7 . 0 9 0 years. If the bond's

A nine-year bond has a yield of 10% and a duration of 7.090 years. If the bond's yield increases by 50 basis points (i.e.,0.5%), what is the proportional change in the bond's price? Enter your answer as a decimal (e.g.,0.01 instead of 1%), rounded to four decimal places, and don't forget the sign of the change.

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