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Required: A six - year bond paying coupons annually has a yield of 7 % and a duration of 7 . 2 0 2 years.
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A sixyear bond paying coupons annually has a yield of and a duration of years. If the bond's yield changes by basis points, what is the percentage change in the bond's price? Input the value as a positive value. Do not round intermediate calculations. Round your answer to decimal places.
The bond's price
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