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A $ 5 0 0 0 bond with a coupon rate of 5 % paid semiannually has years to maturity and a yield to maturity

A $

5000

bond with a coupon rate of

5 %

paid semiannually has years to maturity and a yield to maturity of

9 % .

If interest rates rise and the yield to maturity increases to

9.3 %,

what will happen to the price of the

bond?

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