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Required: An eight - year bond paying coupons annually has a yield of 9 % and a duration of 7 . 2 1 1 years.
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An eightyear 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.
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