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You find a bond with 27 years to maturity that has a semiannual coupon rate of 3.8 percent, a yield to maturity of 4.1 percent,

You find a bond with 27 years to maturity that has a semiannual coupon rate of 3.8 percent, a yield to maturity of 4.1 percent, and a par value of $10,000. What is the dollar price of the bond? Suppose that the price of the bonds fell $25 from yesterday's price. Did interest rates move up or down on this day?

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