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Derivation Inc. has a bond with the following characteristics: Par: $ 1 , 0 0 0 Time to maturity: 5 0 years Coupon Rate: 5

Derivation Inc. has a bond with the following characteristics:
Par: $1,000
Time to maturity: 50 years
Coupon Rate: 5%, semi-annual payments
Original YTM: 3%
New YTM: 4%
Calculate the percentage change in the price of the bond. (Enter a negative value; enter percentages as decimals and round to 4 decimals)

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