You own a bond with a face value of $1000. It is a 4 year bond with a 5% p.a. annual coupon. Current market yield is 6% p.a.

The following calculations have been done for you:

	PV of bond	Sum of Time-Weighted PV of cash flows
4 year bond with 5% p.a. annual coupon	986.99	3588.91

What is the change in price of the bond if interest rates rise by 1.4%? (Give your answer in percentage terms and to 1 decimal place . Do not include the unit "%" in your answer.)