A $ 5 comma 000 $5,000 bond with a coupon rate of 6.4 6.4 % paid semiannually has ten ten years to maturity and a yield to maturity of 8.1 8.1 %. If interest rates rise and the yield to maturity increases to 8.4 8.4 %, what will happen to the price of the bond?
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Home » Business » A $ 5 comma 000 $5,000 bond with a coupon rate of 6.4 6.4 % paid semiannually has ten ten years to maturity and a yield to maturity of 8.1 8.1 %. If interest rates rise and the yield to maturity increases to 8.4 8.