Question: Consider a $100 face value zero-coupon bond that has a time-to-maturity of 7 years and a yield-to-maturity of 5%. What's the price change in dollars

Consider a $100 face value zero-coupon bond that has a time-to-maturity

Consider a $100 face value zero-coupon bond that has a time-to-maturity of 7 years and a yield-to-maturity of 5%. What's the price change in dollars (new price minus old price) if the yield-to-maturity goes down to 4.5%? +$4.92 O None -$2.41 $0 +$2.41

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