A company issued a 10-year bond one year ago that was priced at parThe bond has a face value of $1,000 and a coupon rate of 10%If interest rates have increased by 1%, the price of this bond has decreased ___________________(Assume coupons are paid annually)
a. to $909.09
b. to $909.09
c. to $909.09
d. to $909.09