Your question is Interest Rates and Bond Pricing. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
Explain how interest rates affect bond prices and how you would reason about the relationship.
Address the direction of the relationship, the role of coupon and maturity, and how duration provides a first-order estimate of price sensitivity. Use the illustrative bond data below to quantify the impact of a yield increase and explain why the exact price change differs from the duration approximation.