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A $1,000 bond with a coupon rate of 6.7% paid semiannually has nine years to maturity and a yield to maturity of 8.6%. If interest

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A $1,000 bond with a coupon rate of 6.7% paid semiannually has nine years to maturity and a yield to maturity of 8.6%. If interest rates rise and the yield to maturity increases to 8.9%, what will happen to the price of the bond? A. rise by $16.91 B. fall by $20.29 O C. fall by $16.91 OD. The price of the bond will not change

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