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A $ 1 comma 000 $1,000 bond with a coupon rate of 6.3 6.3% paid semiannually has two two years to maturity and a yield
A $ 1 comma 000 $1,000 bond with a coupon rate of 6.3 6.3% paid semiannually has two two years to maturity and a yield to maturity of 8.1 8.1%. If interest rates rise and the yield to maturity increases to 8.4 8.4%, what will happen to the price of the bond? A. rise by $ 5.30 $5.30 B. fall by $ 6.37 $6.37 C. fall by $ 5.30 $5.30 D. The price of the bond will not change.
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