Assume that you are tracking one of your corporate bond holdings on the financial pages of The Wall Street Journal. You notice in the far right-hand column that your company's bond had a "net change" of -1/8 for the day. What does this mean?
A) The interest rate on the bond has fallen by .125 percentage points.
B) The price of the bond has fallen $1.25 since the previous trading day.
C) The price of the bond has fallen by 1.25 percent since the previous trading day.
D) None of the above is correct.
Correct Answer:
Verified
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