A bond has a modified duration of 7.54 and has a VTM of 0.03 when interest rates change by 40 basis points. What is the expected change in price for the bond given this information? \begin{tabular}{l} 0.0302 \\ 0.0277 \\ 0.0264 \\ 0.0255 \\ \hline 0.0290 \end{tabular}