expect rates tonrise by 30 points

Duration: 4.54 Years Current Bond Price: $1,000 Yield to Maturity: 9.5% Estimated change in interest rates: expect rates to rise by 30 basis points or 30% Calculated the expected price of the bond Select one: O a. $1,012.99 O b. $987.01 O c. $1,003.00 O d. $997.00