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Required: An eight-year bond paying coupons annually has a yield of 9% and a duration of 7200 years If the bond's yield changes by 40

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Required: An eight-year bond paying coupons annually has a yield of 9% and a duration of 7200 years If the bond's yield changes by 40 basis points, what is the percentage change in the bond's price? (Input the value os a positive volue. Do not round intermediate colculotions, Round your answer to 2 decimal places.)

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