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q42.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

q42.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?

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$498.56

$431.59

$325.85

$528.45

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