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For the Following Bond: Par Value $1,000 Coupon Rate: 8% semi-annually Time to Maturity: 3 Years Interest Rate: 2% If the interest rate increases from

For the Following Bond:

Par Value $1,000

Coupon Rate: 8% semi-annually

Time to Maturity: 3 Years

Interest Rate: 2%

If the interest rate increases from 2% to 3%, what is the price change due to convexity?

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