Question: $ 5 . 0 0 0 bond with a coupon rate of 6 % poid semiannually has five years to maturity and a yield to

$5.000 bond with a coupon rate of 6% poid semiannually has five years to maturity and a yield to maturity of 7.4%. If interest rates rise and fee yeid to matrity increases to 7.7%, what will happen the price of the bond?
A. fall by $70.86
B. fall by $50.13
C. rise by $59.13
D. The price of the bond will not change.
$ 5 . 0 0 0 bond with a coupon rate of 6 % poid

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