Question: You own a $1,000 face value bond that has a 5.0% annual coupon and it matures in 7-years. The bond currently trades at its face

You own a $1,000 face value bond that has a 5.0% annual coupon and it matures in 7-years. The bond currently trades at its face value. You anticipate interest will rise to 7%. Using the bond's duration, forecast the 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 -166.73, enter it as -167 or if your answer is 152.35, enter it as 152.

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