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A $ 1 0 0 0 bond with a coupon rate of 6 . 5 % paid semiannually has five years to maturity and a

A $1000 bond with a coupon rate of 6.5% paid semiannually has five years to maturity and a yield to maturity of 7.7%. If interest rates rise and the yield to maturity increases to 8%, what will happen to the price of the bond?

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