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A $1,000 bond with a coupon rate of 6.6% paid semiannually has two years to maturity and a yield to maturity of 6.4%. If interest

A $1,000 bond with a coupon rate of 6.6% paid semiannually has two years to maturity and a yield to maturity of 6.4%. If interest rates fall and the yield to maturity decreases buy 0.08%, what will happen to the price of the bond? A) rise by $20.97 B) fall by $17.97 C) rise by $14.98 D) fall by $14.98

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