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On April 28th, 2014, Canada sold $1.5 Billion of 50-year bonds carrying a 2.75% coupon. If we assume that on April 28th, 2024, the YTM

On April 28th, 2014, Canada sold $1.5 Billion of 50-year bonds carrying a 2.75% coupon. If we assume that on April 28th, 2024, the YTM on these bonds has risen to 7%, and given that there is still 40 years before maturity, what price will each $1,000 bond sell for? Multiple Choice $431.59 $528.45 $325.85 $498.56

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