[Solved] Exercise \#3: A 5-year 5\% ann BB-rated c

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Exercise #3: A 5-year 5% ann BB-rated corporate bond's yield to maturity is 4%. Price = The bond gets upgraded to AA-. It's yield is

Exercise \#3: A 5-year 5\% ann BB-rated corporate bond's yield to maturity is 4%. Price = The bond gets upgraded to AA-. It's yield is likely to be [8] than 4% and [9] than 5%, lower/higher lower/higher and the price is likely to [10] go up/go down

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