Question: You are considering a year 1 0 0 , 0 0 0 bond that pays a 5 % coupon rate annualy and has YTM of

You are considering a year 100,000 bond that pays a 5% coupon rate annualy and has YTM of 4% the YTM decreases by 50 basis points immediately, what is the actual percentage change for the bond ? I know the correct answer is 2.58% but please show me each step to get this solution

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