A 25-year maturity bond making annual coupon payments with a coupon rate of 9% has a 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: 120.03, 137.53, 149.53, 121.27