Question: A $ 1 , 0 0 0 bond with a coupon rate of 5 . 8 % paid semiannually has eight years to maturity and

A $1,000 bond with a coupon rate of 5.8% paid semiannually has eight years to maturity and a yield to maturity of 8.7%. If interest rates rise and the yield to maturity increases to 9%, what will happen to the price of the bond?
A $ 1 , 0 0 0 bond with a coupon rate of 5 . 8 %

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