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Protect Your Check Financial Services has $1,000 face value bonds issued with a 7.2% coupon rate. They mature in 8 years, call for semi-annual payments, and currently have a yield to maturity of 6%. What will happen to the price of the bond if the market interest rate suddenly increases to 10%? The bond price will increase but still trade at a discount. The bond price will decrease and trade at a discount. The bond price will remain unchanged. The bond price will decrease but still trade at a premium. The bond price will increase and trade at a premium.