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A bond with face value = 3,000 currently trades at par. Its Macaulay duration is 4.82 years and its convexity is 65.54. Suppose yield currently

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A bond with face value = 3,000 currently trades at par. Its Macaulay duration is 4.82 years and its convexity is 65.54. Suppose yield currently is 5.9%, and is expected to change to 4.03%. Calculate the approximate dollar change in price using both duration and convexity. Assume annual compounding. Roundlyour answer to 2 decimal places

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