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A $1,000 bond with a coupon rate of 5.9% paid semiannually has eight years to...

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Finance

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A $1,000 bond with a coupon rate of 5.9% paid semiannually has eight years to maturity and a yield to maturity of 6.2%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond? O A fall by $61 OB. rise by $71.17 O C rise by $50.83 OD full by $50.83

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