A 100 par value bond paying a 5% coupon, matures in 3 years. This bond currently yields 4.50%. What is the price of the bond using Duration and Convexity if the yield falls to 3.00%? Use 100 par value in your calculation.

Round to 3 decimal places.

ANSWER is NOT 105.464, 103.657, 102.956, 105.686, 105.657, or 103, can someone please finally give me the right answer

Round answers according to instructions in each problem.

Do not round intermediate calculations.

All cash flows occur at the end of the period.

Do not include symbols such as $ and % in your answers.

Enter answers as positive numbers.

A bond's par value is S1,000 unless specified otherwise. Some questions require use of 100 par value.

A bond's coupons are paid semi-annually unless specified otherwise.

All stated interest rates are annual unless specified otherwise.

Most of these problems require multiple calculations and therefore I will consider partial credit. Students must check their work against the correct answers (I will post answers in Canvas after due date) and notify me of specific requests for partial credit. In order to be considered for partial credit, students must email me their calculations (in any format as long as I can read it. I prefer Excel) immediately upon completing the homework.