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A $1,000 bond with a coupon rate of 5.9% paid semiannually has five years to maturity and a yield to maturity of 8%. If interest

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A $1,000 bond with a coupon rate of 5.9% paid semiannually has five years to maturity and a yield to maturity of 8%. If interest rates rise and the yield to maturity increases to 8.3%, what will happen to the price of the bond? A. tall by $11.44 B. fall by $13.73 C. fise by $11.44 D. The price of the bond will not change

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