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ck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl A

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ck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl A 9-year bond has a yield of 9.5% and a duration of 8.836 years. If the market yield changes by 50 basis points, what is the percentage change in the bond's price? (Assume modified duration and a positive increase in yield change. Do not round intermediate calculations. Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. 4.03 X % The percentage change in the bond's price is

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