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A $5,000 bond with a coupon rate of 5.2% paid semiannually has nine years to maturity and a yield to maturity of 7.5%. If interest

A $5,000 bond with a coupon rate of 5.2% paid semiannually has nine years to maturity and a yield to maturity of 7.5%. If interest rates rise and the yield to maturity increases to 7.8%, what will happen to the price of the bond?

A.fall by $103.99

B.rise by $86.66

C. fall by $86.66

D. The price of the bond will not change.

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