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A bond has a present value of $ 1 , 0 2 5 . 6 8 and Macaulay duration of 6 . 7 years. The

A bond has a present value of $1,025.68 and Macaulay duration of 6.7 years. The bond's YTM changes from 4.5% to 5%. Based on this information, calculate the percent change and the new estimated price of the bond. (Assume annual coupon payments)
Fill in the blank. Round to nearest two decimal places.
Percent change: %
New Price using duration formula: $
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