16) An eight-year corporate bond has a 7 percent coupon rate. What should be the bond's price if the required return (ym) is 6 percent and the bond pays interest semiannually? B) $1,049. 49 C ) $1,062.81 D ) $1.053.45 18) A decrease in interest rates will A) increase the band's duration C) not affect the bond's duration, B) decrease the bond's PV. D) lower the bond's coupon rate