A two years Bond with a face value of $3,000 has a coupon rate of 11% per year with semi-annual payments and a yield of 14% per year.

A two years Bond with a face value of $3,000 has a coupon rate of 11% per year with semi-annual payments and a yield of 14% per year. Using the following formula Triangle P/Triangle R= 1/1+R(P*D) calculate the change in the price of this bond if the yield increases 200 basis points (Hint: 1 basis point= 0.0001)