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A $5,000 bond with a coupon rate of 6.4% paid semiannually has nine years to maturity and a yield to maturity of 7.4%. If interest

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A $5,000 bond with a coupon rate of 6.4% paid semiannually has nine years to maturity and a yield to maturity of 7.4%. If interest rates rise and the yield to maturity increases to 7.7%, what will happen to the price of the bond? A. rise by $92.15 B. fall by $110.58 C. fall by $92.15 D. The price of the bond will not change

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