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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 nineyear bond has a yield of and a duration of years. If the bond's yield increases by basis points ie what is the proportional change in the bond's price? Enter your answer as a decimal eg instead of rounded to four decimal places, and don't forget the sign of the change.
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