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QUESTION 5 A bond has a Macaulay's duration of 12.5 years. If rates changes from 5% to 5.7%, what will be the %age change bonds

QUESTION 5 A bond has a Macaulay's duration of 12.5 years. If rates changes from 5% to 5.7%, what will be the %age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE.
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QUESTION 5 A bond has a Macaulay's duration of 12.5 years. If rates changes from 5% to 5.7%, what will be the age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE

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