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A $5,000 bond with a coupon rate of 5.8% paid semiannually has fourfour years to maturity and a yield to maturity of 6. If interest rates fall and...
A $5,000 bond with a coupon rate of 5.8% paid semiannually has fourfour years to maturity and a yield to maturity of 6.3%. If interest rates fall and the yield to maturity decreases by 0.8%, what will happen to the price of the bond?
A.
$140.4
B.
$140.4
C.
$168.48
D.