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Help please. Thank you in advance Bond Price Quote Select the correct statement. The interest paid on the bond is $3.50 amually. The price of

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Help please. Thank you in advance

Bond Price Quote Select the correct statement. The interest paid on the bond is $3.50 amually. The price of the bond is $972.30. The amount received at maturity by the bondholder is $100. The bond is a "junk" (non-investment grade) bond. Bond Price Quote Why is the YTM (yield-to-maturity) higher than the coupon rate? Interest rates have decreased since the bond was issued, so the VTM is greater than the coupon rate. Interest rates have increased since the bond was issued. The bond's price is lower than the maturity value, which increases the return on the bond from 3.50% to 3.775% The bond is not callable so the yield-to-maturity will be greater than the coupen rate

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