U.S. Treasury 30 year maturity, zero coupon bonds are currently selling in the marketplace with a yield to maturity of 7.00%.Even though the bonds have a coupon rate of 0.00%, please assume semi-annual compounding, which is the bond market convention?If inflation increased unexpectedly, forcing the nominal required rate of return on these Treasury bonds to increase by 1.75% to 8.75%, by what dollar amount would the current market price of these bonds decrease?Enter your answer rounded to two decimal places.Do not enter $ or comma in the answer box.For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.