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A 6% coupon bond with a $1000 face value is currently selling for $851.00. The bond has 10 years remaining until maturity, and it pays
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A 6% coupon bond with a $1000 face value is currently selling for $851.00. The bond has 10 years remaining until maturity, and it pays interest annually. If the bonds yield rises by 50 basis points between now and one year from now, what will the bond be selling for a year from now?
$833.70
$846.61
$966.72
$995.31
$974.76
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