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What happens to the price of a 3-year bond (with par value $1,000) with an 8% coupon when interest rates change from 4 to 7%?

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What happens to the price of a 3-year bond (with par value $1,000) with an 8% coupon when interest rates change from 4 to 7%? O A price increase of $85 O A price decrease of $85 O A price increase of $90.47 O A price decrease of $90.47

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