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A $1,000 bond with a coupon rate of 5.9% paid semiannually has nine years to maturity and a yield to maturity of 6.6%. If interest

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A $1,000 bond with a coupon rate of 5.9% paid semiannually has nine years to maturity and a yield to maturity of 6.6%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond? A. rise by $75.42 B. fall by $64.65 OC fall by $53.87 D. rise by $53.87 olla Click to select your

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