Consider a 15%, 20-year bond that pays interest annually, and its current price is $850. What is the promised yield to maturity? Assume FV is 1,000. A. B. C. 10.23% 18.45% 17.77% Supposed you have a 12%, 20-year bond traded at $850. If it is callable in 5 years at $1,100, what is the bond's yield to call? Interest is paid semi-annually. A. B. C. 10.23% 17.05% 18.00% Which set of conditions will result in a bond with the greatest price volatility? A. B. C. A high coupon and a long maturity A low coupon and a short maturity A low coupon and a long maturity All of the following are one of the stated bond relations between yield changes and bond prices EXCEPT A. B. Other things equal, option-free bond price volatility is inversely related to the coupon rate Long-maturity bonds experience larger price changes than shorter-maturity bonds given same interest rate change. Bond price movements resulting from equal absolute increases or decreases in yield are symmetric. C