Question: A ( $ 1,000 ) bond with a coupon rate of 6.5 paid semiannually has ten years to maturity and a yield to maturity of

$A \$ \\$ 1,000 \$ bond with a coupon rate of$

A \$ \\$ 1,000 \$ bond with a coupon rate of \6.5 paid semiannually has ten years to maturity and a yield to maturity of \6. If interest rates fall and the yield to maturity decreases by \0.8, what will happen to the price of the bond? A. fall by \$ \\$ 75.82 \$ B. rise by \$ \\$ 63.19 \$ C. fall by \$ \\$ 63.19 \$ D. rise by \$ \\$ 88.46 \$

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