Question: A $ 1 , 0 0 0 bond with a coupon rate of 5 . 7 % paid semiarnually has nine years to maturty and

A $1,000 bond with a coupon rate of 5.7% paid semiarnually has nine years to maturty and a yield to mahurly of 7%. if interest rates rise and the yield to maturiy increases to 7.3. what will happen to the proe of the bone?
A. The price of the bond will fall by $22.18.
B. The price of the bond will tall by $18.48.
C. The price of the bond will rise by $18.48.
D. The price of the bond will not change.
A $ 1 , 0 0 0 bond with a coupon rate of 5 . 7 %

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