What is the percentage change in the bond price

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Reference no: EM131980779

A(n) ten-year bond has a yield of 13% and a duration of 7.209 years. If the bond's yield increases by 50 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 2 decimal places.)

The bond's price (Click to select) increased by decreased by %.

Reference no: EM131980779

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