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(Bonds) A bond with a $1,000 par, 6 years to maturity, a coupon rate of 3%, and annual payments has a yield to maturity of

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(Bonds) A bond with a $1,000 par, 6 years to maturity, a coupon rate of 3%, and annual payments has a yield to maturity of 3.4%. What will be the percentage change in the bond price if the yield changes instantaneously to 5.997 (if your answer is, e.g. -1.123%, enter it as-1.123. If the sign of the price change is incorrect, no credit will be given)

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