A 7 percent $1,000 bond matures in 5 years, pays interest semiannually, and has a yield to maturity of 7.21 percent. What is the current market price of the bond? $ Allowed attempts: 3 If the yield to maturity increased by 0.25%, what would happen to the price of the bond? It would decrease by 0.25%. It would decrease, but not necessarily by 0.25% It would increase by 0.25%. It would increase, but not necessarily by 0.25%