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A $30,000 face value bond with a coupon rate of 6.4% paid semi-annually has 15 years to maturity and a yield to maturity of 5.2%.

A $30,000 face value bond with a coupon rate of 6.4% paid semi-annually has 15 years to maturity and a yield to maturity of 5.2%. If interest rates rise and the yield to maturity increases to 5.6%, what will happen to the price of the bond quantitatively?

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