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You are holding a $1,000 bond with a coupon rate of 4% paid semi-annually. The bond has five years to maturity and the yield to

You are holding a $1,000 bond with a coupon rate of 4% paid semi-annually. The bond has five years to maturity and the yield to maturity is 5.5%. You have been hearing that interest rates are going to rise. If your expectations hold true and the yield to maturity on your bond increases to 6.2%, by how much will the price of your bond change (increase / decrease)?

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