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A $ 1 , 0 0 0 bond with a coupon rate of 6 . 6 % paid semiannually has eight years to maturity and
A $ bond with a coupon rate of paid semiannually has eight years to maturity and a yield to maturity of If interest rates fall and the yield to maturity decreases by what will happen to the price of the bond? A
rise by $
B
fall by $
C
rise by $
D
fall by $
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