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Intro A corporate bond with annual coupons has a duration of 4.5 years and a yield to maturity of 5%. Attempt 1/3 for 10 pts.

Intro

A corporate bond with annual coupons has a duration of 4.5 years and a yield to maturity of 5%.

Attempt 1/3 for 10 pts.

Part 1

What is the relative change in the bond's price if yields increase by 40 basis points? Enter your answer with the percentage sign or as a decimal number.

4 DECIMALS

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