#7 A five (5) year corporate bond and its benchmark U.S. Treasury bond had the following yields over a one-month period: Corporate Bond Yield: 6.75 % Beginning of Month; 7.00 % End of the Month;| U.S. Government Comparable Bond Yield: 4.25 % Beginning of Month; 4.75 % End of Month; Over this month, the Price ($) of the corporate bond most likely experienced? A) Unfavorable macroeconomic and microeconomic factors; B) Favorable macroeconomic factors and Unfavorable microeconomic factors; C) Unfavorable macroeconomic factors and Favorable microeconomic factors? Hint: the corporate bond's yield spread to its benchmark decreased (not increased) from 250 to 225 basis points, which suggests microeconomic factors were ....... for the bond's price! Expand. Explain your analysis & response from a bond pricing market perspective! Chapter 15