If the Modified Duration of the bond is question 4 is 1.50, calculate the approximate $ change in bond price if the Fed next move is to increase interest rate by 25 bps (.25%)

(Question 4: What is the value of a 10 year, $1,000 par value bond issued by The American Express Corporation with a coupon rate of 2.83% paid semiannually based on current 10 year yield rate of 2.5%? Answer: =-PV(2.5%/2,20,F35,1000,0)= 1029.04)

Please show all work in excel!