Assume that you purchased a $1,000 perpetual bond (coupon payment is $50) and the interest rate on that bond declined from 5 percent to 2 percent. Thus,

A) the bond price increased by $1,500

B) you could sell this bond at a capital gain

C) at an interest rate of 2%, the speculative demand for money would increase

D) all of the above

E) none of the above