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A $ 1 , 0 0 0 bond with a coupon rate of 7 % paid semiannually has ten years to maturity and a yield

A $1,000 bond with a coupon rate of 7% paid semiannually has ten years to maturity and a yield to maturity of 6.2%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond?
A. rise by $88.8
B. rise by $63.43
C. fall by $76.11
D. fall by $63.43
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