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24. A $5,000 bond with a coupon rate of 7% paid semiannually has two years to maturity and a yield to maturity of 6.9%. If

24. A $5,000 bond with a coupon rate of 7% paid semiannually has two years to maturity and a yield to maturity of 6.9%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond?

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