A $1,000 face value has a 7% annual coupon rate. The next coupon is due in one year and the bond matures in 17 years. The current YTM on the bond is 4.6%. What is the dollar value of the price change if the bond's YTM increases to 5.9%? Round to the nearest cent. [Hint: 1) If the price drops, the change is a negative number. 2) Do not compute duration. You can calculate the precise impact of a yield change on the bond's price by comparing the prices under the two scenarios.] --> please show how to do this by hand