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A $1,000 bond with a coupon rate of 6.7% paid semiannually has ten years to maturity and a yield to maturity of 6.2%. If interest

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A $1,000 bond with a coupon rate of 6.7% paid semiannually has ten years to maturity and a yield to maturity of 6.2%. 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 $75.11 B. fall by $62.59 C. rise by $87.62 D. rise by $62.59

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