First compute the price of General Motors 3.25 percent coupon bond with 5 years left to maturity and a market interest rate of 5.75 percent. (Assume interest payments are semi-annual.) If the market interest rate decreases from 5.75 percent to 3 percent after one year, by how much does General Motors bond price change?

Group of answer choices $125.91 $362.52 $120.56 $116.67