Business, 25.02.2020 21:28 eviemal120
Yesterday, bonds for Cougar Cremary were traded for the yield-to-maturity of 7.28%, which were downgraded by S&P from A to BBB today. If everything else is constant from yesterday (expected inflation rate etc.):a. the bonds' yield-to-maturity should be higher than 7.28%.
b. the bonds' coupon rate should be higher than 7.28%.
c. the bonds' current yield should be higher than 7.28%.
d. the bonds' price should increase.
e. All of the above
f. None of the above
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