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A $ 5,000 bond with a coupon rate of 5.8% paid semiannually has tenten years to maturity and a yield to maturity of 7%. If
A $ 5,000 bond with a coupon rate of 5.8% paid semiannually has tenten years to maturity and a yield to maturity of 7%. If interest rates rise and the yield to maturity increases to 7.3%, what will happen to the price of the bond?
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