Required:

An eight$-$year bond paying coupons annually has a yield of $9\%$ and a duration of $7\mathrm{.}201$ years. If the bond's yield 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 intermediate

calculations. Round your answer to $2$ decimal places.$)$

The bond's price

$]$