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What is the percentage change in price for a zero coupon bond if the yield changes from 5.5 % to 5 %? The bond has

What is the percentage change in price for a zero coupon bond if the yield changes from 5.5% to 5%? The bond has a face value of $1,000 and it matures in 16 years. Use the price determined from the firstyield, 5.5%, as the base in the percentage calculation. The percentage change in the bond price if the yield changes from 5.5% to 5% is?(Round to two decimalplaces.)

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