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A bond with a face value of $1,000 matures in 10 years and has a 10% semiannual coupon. The bond has a current yield of
A bond with a face value of $1,000 matures in 10 years and has a 10% semiannual coupon. The bond has a current yield of 8%. Based on the information, you would expect the bond price to in one year. (Hint: Find bond price and YTM) Select one: O a. Decrease by 0.59% O b. Decrease by 1.45% c. Increase by 0.59% d. Increase by 1.45% e. Decrease by 5.68%
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