A Bond with 10 Years Until Maturity,an 8% Coupon,and an 8

question 118

Multiple Choice

A bond with 10 years until maturity,an 8% coupon,and an 8% yield to maturity increased in price to $1,107.83 yesterday.What apparently happened to interest rates?

• A) Rates increased by 2.0%.
• B) Rates decreased by 2.0%.
• C) Rates increased by .72%.
• D) Rates decreased by 1.5%.

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