Please answer as soon as possible! Thanks 1.A 10-year annual coupon bond was issued four years ago at par. Since then the bond’s yield to maturity…

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Please answer as soon as possible! Thanks

1.A 10-year annual coupon bond was issued four years ago at par. Since then the bond’s yield to maturity (YTM) has decreased from 9% to 7%. Which of the following statements is true about the current market price of the bond?

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