One year ago, Alpha Supply issued 20-year bonds at par. The bonds have a coupon rate of 6.5 percent, paid semiannually,

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One Year Ago Alpha Supply Issued 20 Year Bonds At Par The Bonds Have A Coupon Rate Of 6 5 Percent Paid Semiannually 1 (61.8 KiB) Viewed 10 times

One year ago, Alpha Supply issued 20-year bonds at par. The bonds have a coupon rate of 6.5 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.2 percent. What is the percentage change in the bond price over the past year? A 5.94% B The bond price did not change. -6.11% D -7.19% E) 5.38%