Consider the following bond

Face Value = $1,000

Coupon (paid Annually) = 4.0%

Maturity = 4 - years

Bond Price = $1,000

YTM = 4.0%

You anticipate interest will rise to 5%. Using the bond's duration, what is the forecasted dollar value change in the price of the bond?

Choose the closest correct answer below. Note: Answers may be slightly different due to rounding!

Group of answer choices

-36.3

-86.7

-106.3

-27.2

-70.9