A9-year bond has a yield of 10% and a duration of 7.194 years. if the market yield changes by 50 basis points, what is the percentage change in the bond’s price? (do not round intermediate calculations. negative value should be indicated by a minus sign. round your answer to 2 decimal places.)

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?