What happens to the price of a three-year bond with an 8% coupon when interest rates...

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What happens to the price of a three-year bond with an 8% coupon when interest rates...

What happens to the price of a three-year bond with an 8% coupon when interest rates change from 8% to 5%?

A price increase of $71.54

A price decrease of $71.54

A price increase of $81.70

A price decrease of $81.70

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