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Suppose that two years ago you bought an 8% annual coupon bond for $1,147.20. The bond had 10 years to maturity and a face value
Suppose that two years ago you bought an 8% annual coupon bond for $1,147.20. The bond had 10 years to maturity and a face value of $1,000. Today, the YTM on your bond has declined by 1% and you decide to sell. What price will your bond sell for? WW om $1,059.71 O $1,097.32 O $1,146.04 $1,193.89 $1,231.65
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