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A $1,000 bond with a coupon rate of 7% paid semiannually has eight years to maturity and a yield to maturity of 7.9%. If interest

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A $1,000 bond with a coupon rate of 7% paid semiannually has eight years to maturity and a yield to maturity of 7.9%. If interest rates rise and the yield to maturity increases to 8.2%, what will happen to the price of the bond? A. rise by $16.77 B. fall by $20.13 C. fall by $16.77 D. The price of the bond will not change

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