An investor bought $10 million worth of a bond issued by PQR Corporation

with nominal yield of 3% and maturity of June 30,2030 on June 30,2020 at face value (ie, price of $100.00).

If the investor sold the same bond on June 30,2021, the yield on US Treasury Bonds was 1.6210% and PRQs spread was 100 basis points,

the investor would (lose) ( )dollars.