If interest rates go down to 9.5%, the percentage change in the price of the bond is %. (Round to two decimal places.)

A bond has a Macaulay duration of 12.00 and is priced to yield 10.0%. If interest rates go up so that the yield goes to 10.5%, what will be the percentage change in the price of the bond? Now, if the yield on this bond goes down to 9.5%, what will be the bond's percentage change in price? Comment on your findings. If interest rates go up to 10.5%, the percentage change in the price of the bond is \%. (Round to two decimal places.)