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Question 8 2 pts A bond with face value = 6,000 currently trades at par. Its Macaulay duration is 4.33 years and its convexity is

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Question 8 2 pts A bond with face value = 6,000 currently trades at par. Its Macaulay duration is 4.33 years and its convexity is 69.75. Suppose yield currently is 5.69%, and is expected to change to 5.05%. 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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