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A $1,000 bond with a coupon rate of 7% paid semiannually has five years to maturity and a yield to maturity of 8.6%. If interest

A $1,000 bond with a coupon rate of 7% paid semiannually has five 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? OA. fall by $11.43 OB. fall by $13.71 OC. rise by $11.43 OD. The price of the bond will not change

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