Question: Please explain step by step, thank you! A ( $ 1,000 ) bond with a coupon rate of ( 5.6 % ) paid semiannually has

Please explain step by step, thank you! A \( \$ 1,000 \) bond with a coupon rate of \( 5.6 \% \) paid semiannually has eight years to maturity and a yield to maturity of \( 8.1 \% \). If interest rates rise and the yield to maturity increas 2 answers

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