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A $5,000 bond with a coupon rate of 5.7% paid semiannually has nine years to maturity and a yield to maturity of 6.7%. If interest

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A $5,000 bond with a coupon rate of 5.7% paid semiannually has nine years to maturity and a yield to maturity of 6.7%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond? A. fall by $264.82 B. rise by $264.82 C. rise by $370.75 D. fall by $317.79

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