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A $5,000 bond with a coupon rate of 6.6% paid semiannually has eight years to maturity and a yield to maturity of 6.2%. If interest

A $5,000 bond with a coupon rate of 6.6% paid semiannually has eight years to maturity and a yield to maturity of 6.2%. If interest rates fall and the yield to maturity decreases by0.8%, what will happen to the price of thebond?

rise by $260.97

fall by $260.97

fall by $313.16

rise by

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