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Sarah just used 596.21 purchased a Treasury bond. Assume that the yield rate for this bond is jy 4.74% pa. and the duration of this

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Sarah just used 596.21 purchased a Treasury bond. Assume that the yield rate for this bond is jy 4.74% pa. and the duration of this bond is 2.90 years. Without actually calculating the new price for this bond use the bond price and the duration value to estimate use the price sensitivity formula) the change in price of this bond that would result from an increase in yield rate of 18 basis points. Round your answer to four decimal places

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