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A $1,000 bond with a coupon rate of 5.6% paid semiannually has ten years to maturity and a yield to maturity of 75% If interest

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A $1,000 bond with a coupon rate of 5.6% paid semiannually has ten years to maturity and a yield to maturity of 75% If interest rates rise and the yield to maturity increases to 7.8%, what will happen to the price of the bond? A fall by $22.57 Brise by $18.81 c. fall by $18.81 OD. The price of the bond will not change

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