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QUESTION
A $1000 bond with a coupon rate of 5.4% paid semiannually has five years to maturity and a yield to maturity of 7. If interest rates rise and the...
A $1000 bond with a coupon rate of 5.4% paid semiannually has five years to maturity and a yield to maturity of 7.5%. If interest rates rise and the yield to maturity increases to 7.8%, what will happen to the price of the bond?Question 5 options:
