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. 17.39 percent b. 13.92 percent 19.03 percent d. 23.77 percent e 10.22 percent Previous page Next page