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for the bond below, if interest rates change from 2.00% to 3.00% immediately after you buy the bond today (and stay at the new interest

for the bond below, if interest rates change from 2.00% to 3.00% immediately after you buy the bond today (and stay at the new interest rate), what is the price effect in year 3?

Bond features

maturity (years) = 5

face value = $1000

starting interest rate 3.00%

Coupon rate = 6.00%

coupon dates (annual)

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