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%.
Correct Answer:

Verified
Correct Answer:
Verified
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