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A $5,000 bond with a coupon rate of 6.8% paid semiannually has two years to maturity and a yield to maturity of 7.4%. If interest

A $5,000 bond with a coupon rate of 6.8% paid semiannually has two 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. fall by $27.13

B. fall by $32.55

C. rise by $27.13

D. The price of the bond will not change

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