On May 1, 2007, Joe Hill is considering one of the following newly-issued 10 year AAA corporate bonds. 
-Suppose market interest rates decline by 100 basis points (i.e.,1%) .The effect of this decline would be:
A) The price of Wildwood bond would decline by more than the Asbury bond.
B) The price of Wildwood bond would decline by less than the Asbury bond.
C) The price of Wildwood bond would increase by more than the Asbury bond.
D) The price of Wildwood bond would increase by less than the Asbury bond.
Correct Answer:
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