Question: A 5 . 5 % coupon, semiannual - pay, five - year bond has a yield to maturity of 6 . 8 0 % .

A 5.5% coupon, semiannual-pay, five-year bond has a yield to maturity of 6.80%.(hint: HW Bond #25)
Attempt 1/2 for 10 pts.
Part1
Over the next year, if the bond's yield to maturity remains unchanged, its price will:
remain unchanged
decrease
not enough information to determine
increase
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