You have a

20-

year,

8.5%

annual coupon paying bond. By how much will the bond price change if the YTM drops from current rate of

7%

to

5.5%

?\ Multiple Choice\

-$215.36

\

$215.36

\

-$199.60

You have a 20 -year, 8.5% annual coupon paying bond. By how much will the bond price change if the YTM drops from current rate of 7% to 5.5% ? Multiple Choice $215.36 $215.36 $199.60