Question: 3 b . Please help me with this finance homework. Please specify all the steps so I can understand the solution better. QUESTION 3 Bond

3b. Please help me with this finance homework. Please specify all the steps so I can understand the solution better. QUESTION 3
Bond B pays 9% coupon annually and yield is 10% with 3 year maturity (Face Value $1000). If interest rate increases by 1 basis point, what is
the amount of change in the bond price?
3b. Please help me with this finance homework. Please specify all

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