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3 b . Please help me with this finance homework. Please specify all the steps so I can understand the solution better. QUESTION 3 Bond

$3$ b $.$ Please help me with this finance homework. Please specify all the steps so I can understand the solution better. QUESTION $3$

Bond B pays $9 %$ coupon annually and yield is $10 %$ with $3$ year maturity $($ Face Value $ $1000) .$ If interest rate increases by $1$ basis point, what is

the amount of change in the bond price?

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