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A bond with a $1,000 face value has a 5% annual coupon rate. The bond matures in 16 years. The current YTM on the bond

A bond with a $1,000 face value has a 5% annual coupon rate. The bond matures in 16 years. The current YTM on the bond is 3.4%. If you were to buy this bond and hold it for 6 years, how much would the price change while you hold it? Assume the bond's YTM remains the same. Answer in dollars and round to the nearest cent. [Hint: Compute the prices under the two scenarios and calculate the difference (P2 - P1). For example, if the price dropped, the change would be negative.]

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