Sarah just used $98.8 purchased a Treasury bond.Assume that the yield rate for this bond is j₂=3.81% p.a. and the duration of this bond is 2.23 years. Without actually calculatingthe new price for this bond, use the bond price and the durationvalue to estimate (use the price sensitivity formula) the change in priceof this bond that would result from an increase in yield rate (j₂) of 14 basispoints. Round your answer to four decimal places.

a.-0.1486

b.-0.2971

c.-0.3027

d.-0.1513