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  3. a perpetuity pays $10 every 3 months. calculate th

A perpetuity pays $10 every 3 months. Calculate the approximate percentage change in the perpetuity's...

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Finance

A perpetuity pays $10 every 3 months. Calculate the approximate percentage change in the perpetuity's price using duration, if the YTM is 7% and you expect that it will go down to 5%.

Express your answer in percent, rounded to two decimals and omit the % sign. Indicate a decrease in price with a negative sign but do not use "+" for an increase.

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