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A nine - year bond paying coupons annually has a yield of 1 0 % and a duration of 7 . 1 9 4 years.

A nine-year bond paying coupons annually has a yield of 10% and a duration of 7.194 years. If the bonds yield changes by 50 basis points, what is the percentage change in the bonds price? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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