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Required: A seven - year bond paying coupons annually has a yield of 8 % and a duration of 7 . 1 9 9 years.

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A seven-year bond paying coupons annually has a yield of 8% and a duration of 7.199 years. If the bond's yleld changes by 25 basis points, what is the percentage change in the bond's price? (Input the value as a positive value. Do not round intermedlate calculatlons. Round your answer to 2 decimal places.)
\table[[The bond's price,increased by,1.80,%.]]
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