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| Spice asks Meyers to quantify the value changes from changes in interest rates. To illustrate, Meyers computes the value change for the fixed rate note in Table 1. Specifically, he assumes an increase in the level of interest rate of 100 basis points. Using the information in Table 1, which of the following is the best estimate of the change in value of the fixed rate note? A. -$3.59. B. -$7.17. C. $3.51. |