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3. $1000 bond with a coupon rate of 0.8% paid semiannually has 5 years to maturity and a yield to maturity of 6%. If yield

3. $1000 bond with a coupon rate of 0.8% paid semiannually has 5 years to maturity and a yield to maturity of 6%. If yield to maturity decreases to 4%, what will happen to the price of the bond

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