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A$5,000 bond with a coupon rate of 5.6% paid semiannually has eight years to maturity and a yield to maturity of 8.9%. If interest rates

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A$5,000 bond with a coupon rate of 5.6% paid semiannually has eight years to maturity and a yield to maturity of 8.9%. If interest rates rise and the yield to maturity increases to 9.2%, what will happen to the price of the bond? A. fall by $88.32 B. fall by $73.60 C. rise by $73.60 D. The price of the bond will not change

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