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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 $ 1,000 bond with a coupon rate of 6.6% paid semiannually has eight years to maturity and a yield to maturity of 6%. If interest rates fall and the yield to maturity decreases by0.8%, what will happen to the price of the bond? A.
rise by $ 74.19
B.
fall by $ 52.99
C.
rise by $ 52.99
D.
fall by $ 63.59

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