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There is a Government of Canada zero bond outstanding. It has a face value of $150,000. It has 15 years to maturity. Currently the yield

There is a Government of Canada zero bond outstanding. It has a face value of $150,000. It has 15 years to maturity. Currently the yield to maturity on the bond is 8.2%. Suppose that tomorrow the yield to maturity decreases by 0.4%. The term structure (yield curve) is flat. What will be the percentage increase in the value of the bond? Your answer should be shown as a percentage and it should be accurate to two decimal places.

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