Question: A $ 5 , 0 0 0 bond with a coupon rate of 6 . 8 % paid semiannually has ten years to maturity and

A $5,000 bond with a coupon rate of 6.8% paid semiannually has ten years to maturity and a yield to maturity of 8.9%. If interest rates rise and the yield to maturity increases to 9.2%, what will happen to the price of the bond?
A. rise by $87.87
e. fell by $405.45
C. fall by $87.87
n The nrice of the bond will not change.
A $ 5 , 0 0 0 bond with a coupon rate of 6 . 8 %

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