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The price of a corporate bond changes one day from 93.31 to 92.91 per 100...

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Finance

The price of a corporate bond changes one day from 93.31 to 92.91 per 100 of par value. The modified duration for the bond is 8.96 in years. What is the estimated change in this bond's yield?

Express your answer in basis points, and round to two decimal places. If the answer is a decrease in yield, then include the negative sign in your answer.

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