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Required: A seven - year bond paying coupons annually has a yield of 8 % and a duration of 7 . 1 9 9 years.
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A sevenyear bond paying coupons annually has a yield of and a duration of years. If the bond's yleld changes by basis points, what is the percentage change in the bond's price? Input the value as a positive value. Do not round intermedlate calculatlons. Round your answer to decimal places.
tableThe bond's price,increased by
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