Question: A bond with face value = 10,000 currently trades at par. Its Macaulay duration is 3.36 years and its convexity is 53.35. Suppose yield currently

A bond with face value = 10,000 currently trades at par. Its Macaulay duration is 3.36 years and its convexity is 53.35. Suppose yield currently is 2.97%, and is expected to change to 3.21%. Calculate the approximate dollar change in price using both duration and convexity. Assume annual compounding. Round your answer to 2 decimal places.

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