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Business, 12.08.2020 05:01 sylvusia

A $5,000 bond with a coupon rate of 5.1% paid semiannually has eight 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?

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A $5,000 bond with a coupon rate of 5.1% paid semiannually has eight years to maturity and a yield t...

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