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Question 3 (1 point) A nine-year bond has a yield of 10% and a duration of 7.155 years. If the bond's yield increases by 50

Question 3 (1 point) A nine-year bond has a yield of 10% and a duration of 7.155 years. If the bond's yield increases by 50 basis points (ie. 0.5%), what is the percentage change in the bond's price? Enter your answer as a decimal (eg: 0.01 instead of 1%), rounded to four decimal places D Your

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