Show in Excel: Suppose ABC bonds have 20 years to maturity, 6% coupon rate, pay semi annual coupon and has 5.04% YTM. ABC bonds' quoted price is $112, and it has 12.13 Macaulay Duration. Which one of the following is the best estimate of the change in the ABC bond's price for a 0.25% increase in interest rates? HINT: Calculate the modified duration to estimate the price change. Question options:

A. -$3.31 B. +$3.40 C. -$3.40 D. +$13.59 E. -$13.25