Consider a 3-year maturity annual 9% coupon paying bond with a YTM of 12%. What is the Duration of this bond?

What will be the predicted price of this bond if the market yield increases by 100 basis points. [Remember, 100 basis points = 1% point]? You must use the duration (calculated in the part above) to get full points for this question. Recalculating the price based on the new interest rate will not yield full points for this question.