A 25-year maturity bond making annual coupon payments with a coupon rate of 9% has duration of 11.934 years and convexity of 194.69. The bond currently sells at a yield to maturity of 7%. If the market rate drops by 100 basis points, what dollar price change would be predicted by the duration-with-convexity rule?
Group of answer choices a 120.03 b 137.53 c 149.53 d 121.27