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A $1,000 bond with a coupon rate of 6.9% paid semiannually has eight 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 6.9% paid semiannually has eight 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. rise by $53.58 O B. fall by $64.3 C. rise by $75.02 OD. fall by $53.58

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