Question: how do you solve this? Resubmit Question 4 Homework Answered A 7-year zero-coupon bond has a face value of $1,000. If its YTM changes from

how do you solve this? Resubmit Question 4 Homework Answered A

how do you solve this?

Resubmit Question 4 Homework Answered A 7-year zero-coupon bond has a face value of $1,000. If its YTM changes from 3.9% to 4.7%, what is the resulting percentage change in its price? Use the price determined from the first yield, 3.9%, as the base in the percentage calculation. Round to the nearest tenth of a percent. (e.g., 4.321% = 4.3). (Hint: Percent price change = ((P2-P1)/P1)x100. If the price dropped, answer should be negative.] Type your numeric answer and submit I You are incomect Hint X 1*

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