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Paul is a bondholder of a 8% bond that has 7 years to maturity and an 8.6% yield to maturity (YTM). If the YTM on

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Paul is a bondholder of a 8% bond that has 7 years to maturity and an 8.6% yield to maturity (YTM). If the YTM on the bond decreases to 7.6%, how much will the bond change in value? o Increase by $44.64 o Decrease by $44.64 o Decrease by $52.48 o Increase by $52.48

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