Question 10 Not yet answered Marked out of 6.00 p Flag question NorthSouth Company has bonds with 20 years to maturity, a face value of $1,000. coupon rate of 9 percent and YTM of 7 percent. The company makes semiannual payments. What is the percentage change in the price of this bond if the market yield suddenly decreases to 5 percent? a. 23.77 percent b. 19.03 percent C. 13.92 percent d. 10.22 percent e. 17:39 percent Previous page Next page