Question: I need help with this Homework question A 12-year bond has an annual coupon of 9%. The coupon rate will remain fixed until the bond

I need help with this Homework question

A 12-year bond has an annual coupon of 9%. The coupon rate will remain fixed until the bond matures. The bond has a yield to maturity of 7%. Which of the following statements is CORRECT?

Group of answer choices

none of the above

If market interest rates decline, the price of the bond will also decline.

The bond is currently selling at a price below its par value.

If market interest rates remain unchanged, the bond's price one year from now will be lower than it is today.

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