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Your bond makes annual coupon payments. Its Macaulay duration is 12.1 and its YTM is 7.0% EAR. Calculate the bond's approximate percentage price change if

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Your bond makes annual coupon payments. Its Macaulay duration is 12.1 and its YTM is 7.0% EAR. Calculate the bond's approximate percentage price change if YTM increases by 43 basis points. Express your answer as a percentage with two digits after the decimal point (e.g., 1.23%, not 0.0123)

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