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question 16 A $1,000 bond with a coupon rate of 7% paid semiannually has eight years to maturity and a yield to maturity of 8.7%.

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A $1,000 bond with a coupon rate of 7% paid semiannually has eight years to maturity and a yield to maturity of 8.7%. If interest rates rise and the yield to maturity increases to 9%, what will happen to the price of the bond? O A. fall by $18.97 B. rise by $15.80 O c. fall by $15.80 OD. The price of the bond will not change

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