What is the percentage change in bond price

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Reference no: EM131562120

A 9-year bond has a yield of 10.5% and a duration of 7.356 years. If the market yield changes by 40 basis points, what is the percentage change in the bond’s price? (Do not round intermediate calculations. Input the amount as a positive value. Round your answer to 2 decimal places. Omit the "%" sign in your response.)

The percentage change in the bond’s price is %.

Reference no: EM131562120

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