What happens to the price of a three-year annual coupon

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Question: What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 9.15%? Answer in dollar terms to the nearest decimals without the $ sign. Use a "-" sign to denote a price decrease. Do not use a "+" sign.

Reference no: EM133492063

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