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A $5,000 bond with a coupon rate of 5.3% paid semiannually has ten years to maturity and a yield to maturity of 6.5%. If interest

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A $5,000 bond with a coupon rate of 5.3% paid semiannually has ten years to maturity and a yield to maturity of 6.5%. 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 $399.45 B. fall by $285.32 C. rise by $285.32 D. fall by $342.39

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