Suppose that you purchased a debt obligation three years ago at its par value of $$100,000$ and nine years remaining to maturity. The market price of this debt obligation today is $$90,000.$ What is one potential reason why the price of this debt obligation could have declined from time you purchased it three years ago?

A$)$ There is a change in the required yield owing to changes in the credit quality of the issuer.

B$)$ There is a change in the rate of inflation.

C$)$ There is no change in market conditions.

D$)$ There is a change in the stock market which has been more volatile recently.

D

B

A

C