Question - One year ago, an investor bought a 15-year $1300 face-value hand that has an annual coupon rate of 7%, and interest payments are paid semi-annually. The yield to maturity was 9.1% when purchased, but the yield to maturity is 8.2% today.
How much has the price of the bend increased in one year?
$80.21
$67.11
$54.13
$71.19