Percentage change in the bond price

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A 9-year bond has a yield of 6% and a duration of 7.982 years. If the market yield changes by 35 basis points, what is the percentage change in the bond's price?

The percentage change in the bond's price is %? decrease or increase?

Reference no: EM131318528

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Percentage change in the bond price : A 9-year bond has a yield of 6% and a duration of 7.982 years. If the market yield changes by 35 basis points, what is the percentage change in the bond's price? The percentage change in the bond's price is %? decrease or increase?
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