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A $1,000 bond with a coupon rate of 6.2% paid semiannually has ten years to maturity and a yield to maturity of 6%. If interest

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A $1,000 bond with a coupon rate of 6.2% paid semiannually has ten years to maturity and a yield to maturity of 6%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond? A. fall by $74.8 B. rise by $62.34 C. rise by $87.27 D. fall by $62.34

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