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A $1,000 bond with a coupon rate of 6.1% paid semiannually has five years to maturity and a yield to maturity of 9%. If interest

A $1,000 bond with a coupon rate of 6.1% paid semiannually has five 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?

A. rise by $ 10.94

B. fall by $ 13.13

C. fall by $ 10.94

D. The price of the bond will not change

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