A $5,000 bond with a coupon rate of 6​% paid semiannually has nine years to maturity and a yield to maturity of 6.6​%. I

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answerhappygod
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A $5,000 bond with a coupon rate of 6​% paid semiannually has nine years to maturity and a yield to maturity of 6.6​%. I

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A $5,000 bond with a coupon rate of 6​% paid semiannually hasnine years to maturity and a yield to maturity of 6.6​%. Ifinterest rates fall and the yield to maturity decreases by​ 0.8%,what will happen to the price of the​ bond?
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