You are holding a bond with a price of 332000 a duration of, Finance Basics

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You are holding a bond with a price of 332000 a duration of

Question: You are holding a bond with a price of $332,000, a duration of 7 and a yield to maturity of 8.3%. If you think that interest rates will change to 7.5%, how much would you estimate the bond price to change in percentage terms? (please express your answer as a number without the percentage sign so if your answer is 10.32%, please show your answer as 10.32)

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