A $ 5000 bond with a coupon rate of 5.8% paid semiannually has nine years to maturity and a yield to maturity of 6.8%. 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 $ 263.72

B.

fall by $ 316.47

C.

rise by $ 369.21

D.

fall by $ 263.72