Question: A $ 1 , 0 0 0 bond with a coupon rate of 6 . 7 % paid semiannually has nine years to maturity and
A $ bond with a coupon rate of paid semiannually has nine years to maturity and a yield to maturity of If interest rates fall and the yield to maturity decreases by what will happen to the price of the bond?
A The price of the bond will rise by $
B The price of the bond will fall by $
C The price of the bond will rise by $
D The price of the bond will fall by $
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