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Posted on Aug 03, 2024

A $1,000 bond with a coupon rate of 6.1% paid semiannually has ten years to maturity and a y eld to maturity of 859 increases

A $1,000 bond with a coupon rate of 6.1% paid semiannually has ten years to maturity and a y eld to maturity of 859 increases to 8.8%, what will happen to the price of the bond? if interest rates rise and the yield to maturity OA. fall by $17.61 O B. fall by $21.13 O C. rise by $17.61 O D. The price of the bond will not change

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