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Consider the following bond Face Value =$1,000 Coupon (paid Annually) =5.0% Maturity =4 - years Bond Price =$1,000 YTM=5.0% You anticipate interest will rise to

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Consider the following bond Face Value =$1,000 Coupon (paid Annually) =5.0% Maturity =4 - years Bond Price =$1,000 YTM=5.0% You anticipate interest will rise to 8%. 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! 106.3 86.7 36.3 27.2 70.9

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