What happen to the bond price if yield to maturity falls


Question: A General Motors bond carries a coupon rate of 8 percent, has 9 years until maturity, and sells at a yield to maturity of 7 percent. At what price does the bond sell? (Assume annual interest payments.) What will happen to the bond price if the yield to maturity falls to 6 percent?

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Finance Basics: What happen to the bond price if yield to maturity falls
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