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2. Bond Valuation. According to Yahoo! Finance, today the 10 year U.S. Treasury bond's current yield is 3.95%. Just yesterday the current yield was 4.05%.
2. Bond Valuation. According to Yahoo! Finance, today the 10 year U.S. Treasury bond's current yield is 3.95%. Just yesterday the current yield was 4.05%. If it helps, assume the par value is $1000 and the coupon rate is 10%. (a) Is the bond's closing price today higher or lower than it's closing price yesterday? (b) What was the percentage change in the bond's price from yesterday to today
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