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QUESTION

A $5,000 bond with a coupon rate of 5.8% paid semiannually has fourfour years to maturity and a yield to maturity of 6. If interest rates fall and...

A $5,000 bond with a coupon rate of 5.8​% paid semiannually has fourfour years to maturity and a yield to maturity of 6.3​%. If interest rates fall and the yield to maturity decreases by​ 0.8%, what will happen to the price of the​ bond?

A.

$140.4

B.

$140.4

C.

$168.48

D.

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