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A $ 1000 bond with a coupon rate of 6% paid semiannually has eight years to maturity and a yield to maturity of 9%. If

A $ 1000 bond with a coupon rate of 6% paid semiannually has eight years to maturity and a yield to maturity of 9%. If interest rates rise and the yield to maturity increases to 9.3%, what will happen to the price of the bond?

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