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A $ 5000 bond with a coupon rate of 5.9% paid semiannually has two years to maturity and a yield to maturity of 6.7%. If
A $ 5000 bond with a coupon rate of 5.9% paid semiannually has two 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?
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