What is the percentage change in the bond price

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A 9-year bond has a yield of 13% and a duration of 7.522 years. If the market yield changes by 70 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.) The percentage change in the bond's price is

Reference no: EM131969367

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