1. Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 30 years. The bond pays interest annually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent? (round your answer to two decimal places)

a)How the price of the bond in the question above will change if yield to maturity decreases and everything else stays the same.

Group of answer choices

Price of the bond will increase

Price of the bond will decrease

Price of the bond will stay the same

It can either increase or decrease