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Urgent!!! Please answer within one hour. A $5,000 bond with a coupon rate of 5.1% paid semiannually has nine years to maturity and a yield
Urgent!!! Please answer within one hour.
A $5,000 bond with a coupon rate of 5.1% paid semiannually has nine years to maturity and a yield to maturity of 7.3%. If interest rates rise and the yield to maturity increases to 7.6%, what will happen to the price of the bond? O A. O B. O C. O D. rise by $87.73 fall by $105.28 fall by $87.73 The price of the bond will not changeStep by Step Solution
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