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Whats the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) decreases to 3.5%? (A) $1187.3 (B)

Whats the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) decreases to 3.5%?

(A) $1187.3

(B) $972.6

(C) $1225.39

(D) $1,459.8

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