Question 8 5 pts A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 7.2%. If interest rates increase and the yield to maturity increases to 7.6%, what will happen to the price of the bond? Possible rounding error of one cent! The price of the bond will decrease by $22.76 The price of the bond will increase by $22.76 There will be no change in the price of the bond. The price of the bond will increase by $15.78