A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent

Possible options:

A) 1.79 percent decrease

B) 1.79 percent increase

C) 1.6 percent decrease

D) 1.97 percent increase

E) 1 percent decrease

Answer is A

Explanation:

N = 13X2=26

I/Y = 5.7/2

PV =-1027.28

PMT = 30

FV = 1000change

I/Y to 5.5/2

10463

change between 1046.0056 to 1027.25

1- F/I (decrease)

or I-F/I

(1046.0056/1027.25) / 1046.0056

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

answer; (c) communism and socialism;