Question: Problem 8 * You have until 7:54 PM to complete this assignment. Part 1 pa Attempt 1/2 for 10 pts. Two year ago, Gyan Supply

Problem 8 * You have until 7:54 PM to complete this assignment. Part 1 pa Attempt 1/2 for 10 pts. Two year ago, Gyan Supply issued 10-year bonds at par. The bonds have a coupon rate of 6.5 percent and pay interest annually. Today, the YTM on these bonds is 7.2 percent. How does the price of these bonds today compare to the price two year ago? goes lower stays unchanged goes higher cannot determine Submit

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