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Please help#2 A $1,000 bond with a coupon rate of 6.6% paid semiannually has five years to maturity and a yield to maturity of 8.9%.
Please help#2
A $1,000 bond with a coupon rate of 6.6% paid semiannually has five 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. rise by $11.14 B. fall by $13.37 C. fall by $11.14 D. The price of the bond will not change Step by Step Solution
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