What happens to the price of a three-year annual coupon paying bond with an 8% coupon when interest rates change from 8% to 8.96%

It would reduce to -24.3185

Explanation:

I solved this on paper and have added the solution as an attachment

At 8% rate of interest the price of this bond is 1000

At 8.96% rate of interest the calculated price of the coupon bond is 975.681

975.681-1000 = -24.3185

When the interest rate falls from 8% to 8.96%, the price of the bond reduces by -24.3185

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the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.