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INBM has a 90-year, 4.5 percent, semiannual coupon bond. The bond has a yield to maturity of 5.00 percent. What happens to the bond price
INBM has a 90-year, 4.5 percent, semiannual coupon bond. The bond has a yield to maturity of 5.00 percent. What happens to the bond price is market yield increases to 6.50 percent? O a. Decrease by 26.27 percent O b. Decrease by 28.58 percent Oc. Increase by 24.52 percent O d. Increase by 26.27 percent Oe. Increase by 27.16 percent
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