A zero-coupon bond has 10-years to maturity and a YTM of 8%. If the YTM instantaneously increases to 9%, what happens to the bonds price and duration?

		The price decreases and the duration increases.
		The price increases and the duration decreases.
		The price decreases and the duration decreases.
		The price decreases and the duration stays the same.

2-

A coupon bond has 10-years to maturity and a YTM of 8%. If the YTM instantaneously increases to 9%, what happens to the bonds price and duration?

		The price decreases and the duration increases.
		The price increases and the duration decreases.
		The price decreases and the duration decreases.
		The price decreases and the duration stays the same

3-

Which of the following would not be expected to cause yield spreads to widen?

		The firm is involved in an accounting scandal.
		The firm issues equity to repurchase debt.
		A financial crisis, such as the 2008 crisis, occurs.
		The firm is subject to litigation.

Please select the correct answers