Question: Question 7 1 pts Use the bond term's below to answer the question Maturity 6 years Coupon Rate 3% Face value $1,000 Annual Coupons When

Question 7 1 pts Use the bond term's below to answer

Question 7 1 pts Use the bond term's below to answer the question Maturity 6 years Coupon Rate 3% Face value $1,000 Annual Coupons When you buy the bond the interest rate is 4% Right after you buy the bond, the interest rate changes from 4.00% to 2.00% and remains there. What is the price effect in year 3 ? $51.45 $56.59 $62.25 O $59.16 O $46.77

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