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Question 1 3 pts A bond with face value = 9,000 currently trades at par. Its Macaulay duration is 5.21 years and its convexity is

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Question 1 3 pts A bond with face value = 9,000 currently trades at par. Its Macaulay duration is 5.21 years and its convexity is 55.05. Suppose yield currently is 3.88%, and is expected to change to 2.12%. Calculate the approximate dollar change in price using both duration and convexity. Assume annual compounding. Round your answer to 2 decimal places

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