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Please answer, and Explain. Thankyou! I. A nine year bond has a yield of 9% and a duration of 7.04 years. If the bond's yield

image text in transcribedPlease answer, and Explain. Thankyou!

I. A nine year bond has a yield of 9% and a duration of 7.04 years. If the bond's yield changes by 50 basis points, what is the percentage change in the bond's price

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