An 3% annual coupon bond with (face value = 2,000) currently trades at par. Its Macaulay duration is 3.24 in years and its convexity is 63.62 in years.

Suppose yield goes from 4.33% to 5.88% one day. Calculate the approximate dollar change in price using both duration and convexity. If the answer is a decrease, then include the negative in your answer.

Assume annual compounding. Round your answer to 2 decimal places.