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PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THANK YOU! A $1,000 bond with a coupon rate of 5.4% paid semiannually

image text in transcribedPLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THANK YOU!

A $1,000 bond with a coupon rate of 5.4% paid semiannually has two years to maturity and a yield to maturity of 6.7%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond? A. fall by $14.66 B. rise by $14.66 C. fall by $17.59 D. rise by $20.52

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