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An eight-year bond has a yield of 9% and a duration of 7.211 years. If the bond's yield increases by 75 basis points, what is

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An eight-year bond has a yield of 9% and a duration of 7.211 years. If the bond's yield increases by 75 basis points, what is the percentage change in the bond's price as predicted by the duration formula? (Input the value as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) The bond's price decreased by B

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