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You hold a 5-year, 7% semi-annual government bond. The present value of the bond is currently $104.27 using a discount rate of 6%. If the

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You hold a 5-year, 7% semi-annual government bond. The present value of the bond is currently $104.27 using a discount rate of 6%. If the riskiness of the bond later decreases, what impact will this have on the present value of the bond? O a) The present value of the bond will rise. Ob) The answer cannot be found. c) The present value of the bond will not change. d) The present value of the bond will fall

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