What is the percentage change in price for zero coupon bond

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What is the percentage change in price for a zero coupon bond if the yield changes from 7?% to 6.5%? The bond has a face value of ?$1,000 and it matures in 19 years. Use the price determined from the first? yield, 7?%, as the base in the percentage calculation.

The percentage change in the bond price if the yield changes from 7?% to 6.5?% is __________% (Round to two decimal places)

Reference no: EM131984788

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