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A $5,000 bond with a coupon rate of 5.1% paid semiannually has ten years to maturity and a yield to maturity of 77%. If interest
A $5,000 bond with a coupon rate of 5.1% paid semiannually has ten years to maturity and a yield to maturity of
77%. 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 $ 269.72
B. rise by $ 377.6
C. fall by $ 269.72
D. fall by $ 323.66
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