What was the percentage change in the price of the bond

Reference no: EM13296596

A company issues a ten-year bond at par with a coupon rate of 6% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7.8%. What was the percentage change in the price of the bond over the past two years?

A)
11.81%
B)
-43.04%
C)
-10.56%
D)
75.55%

Reference no: EM13296596

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