Question: $ 1 comma 0 0 0 $ 1 , 0 0 0 bond with a coupon rate of 6 . 6 6 . 6 %
$ comma $
bond with a coupon rate of
paid semiannually has
twotwo
years to maturity and a yield to maturity of
If interest rates rise and the yield to maturity increases to
what will happen to the price of thebond
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