easy · Principles of Finance valuation

A 10-year corporate bond with a 5.0% annual coupon is currently trading at par.

If the market yield to maturity (YTM) suddenly increases to 5.5%, what will happen to the bond's price?

  1. The price will decrease by exactly 0.5% to match the yield change.
  2. The price will decrease, and the magnitude of the fall is determined by the bond's duration.
  3. The price will increase because investors demand higher returns for higher risk.
  4. The price will remain at par because the coupon rate is fixed at 5.0%.

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