When the bond's interest rate $($YTM$)$ goes up$,$ it's price will go up or down? Why? Question $3$ options: Price will go down because a higher discount rate means a lower present value for the bond's cash flows. Price will go down because a lower discount rate means a lower present value for the bond's cash flows. Price will go up because a higher discount rate means a higher present value for the bond's cash flows. Price will go up because a higher discount rate means a lower present value for the bond's cash flows.