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As a bond fund manager, you are considering corporate bonds issued by Super Buy (SB). Each SB bond is a 4-year bond with a par

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As a bond fund manager, you are considering corporate bonds issued by Super Buy (SB). Each SB bond is a 4-year bond with a par value of $1 million. Its interest payments are based on the following schedule: $50,000 in year 1,$60,000 in year 2,$70,000 in year 3 , and $80,000 in year 4 . You estimate SB's current interest rate is 6%. What is the actual bond price change if the YTM increases by 100 basis points? A. 3.49% B. 3.42% C. 3.49% D. 3.42%

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