Question: A $ 5 , 0 0 0 bork with a coupon rate of 6 % paid semiannually has ten years to mahurty and a yeld

A $5,000 bork with a coupon rate of 6% paid semiannually has ten years to mahurty and a yeld to maturty of 8.5%. If inferest rates rise and the yield to maturity increases is 8.85, what will happen to the price of the bond?
A. fall by $87.60
B. rise by 587.60
C. fall by $105.12
D. The price of the bond will not change.
A $ 5 , 0 0 0 bork with a coupon rate of 6 % paid

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