Using the formula given​ below: Rbonds = (F − P)/P​,   if the market price of a ​$1,000​-face-value discount bond changes from $925 to $900​, the yield to maturity increases by (enter your response here)​%. (Round your response to two decimal places.​)

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter13: Monetary Policy
Section: Chapter Questions
Problem 12E
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Using the formula given​ below:
Rbonds = (F − P)/P​,
 
if the market price of a ​$1,000​-face-value discount bond changes from $925 to $900​, the yield to maturity increases by (enter your response here)​%. (Round your response to two decimal places.​)
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