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21. Which one of the following statements is TRUE? a. Holding everything else constant, as the bond's yield to maturity decreases, the bond's price increases. b. Holding everything else constant, as the bond's yield to maturity decreases, the bond's price does not change. c. Holding everything else constant, as the bond's coupon rate decreases, the bond's price increases. d. Holding everything else constant, as the bond's coupon rate decreases, the bond's price does not change. e. None is correct. 22. Telex Company needs to raise $20.00 million by issuing bonds. It plans to issue a bond that makes semiannual coupon payments and has 12 years to maturity. The bond has a coupon rate of 5.00%. The yield to maturity on the bond is expected to be 6.90%. How many bonds must be issued? a. 23,139 b. 23,422 c. 23,623 d. 23,849 e. 24,015