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Intro You have a bond with a modified duration of 12.67 years currently. The convexity of the bond is 157. Attempt 1/3 for 10 pts.

Intro

You have a bond with a modified duration of 12.67 years currently. The convexity of the bond is 157.

Attempt 1/3 for 10 pts.

Part 1

In the event that the bond's yield changes from 8.4% to 9.5%, what will be the approximate percentage change in the bond's price? Enter your answer as a decimal number or with the percentage sign.

4 DECIMALS

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