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A $5,000 bond with a coupon rate of 5.5% paid semiannually has two years to maturity and a yield to maturity of 7.6%. If interest

A $5,000 bond with a coupon rate of 5.5% paid semiannually has two years to maturity and a yield to maturity of 7.6%. If interest rates rise and the yield to maturity increases to 7.9%, what will happen to the price of the bond?
A. The price of the bond will fall by $42.48.
B. The price of the bond will fall by $35.4.
C. The price of the bond will rise by $35.4.
D. The price of the bond will not change.
image text in transcribed
price of the bond? A. The price of the bond wil fail ty 5424 d B. The price of the bond wit tall by 5354. C. The pribe od the bond will rise by 535.4 . D. The pose of the bond wit not change

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