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A $ 1 , 0 0 0 bond with a coupon rate of 5 . 7 % paid semiannually has five years to maturity and

A $1,000 bond with a coupon rate of 5.7% paid semiannually has five years to maturity and a yield to maturity of 7%. If interest rates rise and the yield to maturity increases to 7.3%, what will happen to the price of the bond?
A. fall by $14.37
B. rise by $11.97
C. fall by $11.97
D. The price of the bond will not change.
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