Question: You buy a 30 year zero coupon bond which will pay you $10,000 in 30 years at an annual yield of 1.5% compounded annually. A

You buy a 30 year zero coupon bond which will pay you $10,000 in 30 years at an annual yield of 1.5% compounded annually. A few minutes later the annual yield rises to i=2.0% compounded annually. What is the percent change in the value of the bond? (hint: recall the formula for percent change. The answer should be negative.)

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