Question: QUESTION 7 4 points Bond A has a 7% coupon rate, paid annually. Maturity is in three years. The bond sells at par value $1000.

QUESTION 7 4 points Bond A has a 7% coupon rate,

QUESTION 7 4 points Bond A has a 7% coupon rate, paid annually. Maturity is in three years. The bond sells at par value $1000. The actual price of the bond if the interest rate immediately increases from 7% to 8% is A. 976.25 B. 974.23 C. 978.23 D. 973.23

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