Question: You own a $1,000 face value bond that has a 4.0% annual coupon and it matures in 6-years. The bond currently trades at its face

You own a $1,000 face value bond that has a 4.0% annual coupon and it matures in 6-years. The bond currently trades at its face value. You anticipate interest rates will fall to 3.0%. What is the forecasted dollar value change in the value of the bond?

Enter your answer below rounded to the nearest positive or negative whole number and without a dollar sign. For example, if you answer is -66.73, enter it as -67 or if your answer is 81.35, enter it as 81.

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