What has happened to the prices of bonds

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A year ago, xyz corp issued 10-year bonds at par with a coupon rate of 6.0% and annual coupon payments. Today, due to a decline in market interest rates, these bonds have a yield to maturity of 5.15%. What has happened to the prices of xYZ bonds compared with the prices the day they were issued? A. prices are 5.15% higher. B. Prices are 6.0% hitched C. Prices are 6.25% higher D. Prices are 6.78% higher

Reference no: EM131550952

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