The market price of a bond increases when the

When the price of a bond is above the equilibrium price, there is excess _________ in the bond market

When the price of a bond is below the equilibrium price, there is excess _________ in the bond market

All else constant, as the market price of a bond increases the current yield _____ and the yield to maturity

A、increases; increases.
B、increases; decreases.
C、decreases; decreases.
D、decreases; increases.
E、remains constant; increases.

The current price of a bond is $100.When the YTM increases by 1%, the price of the bond goes down to

A、 0.045 years.
B、 2.25 years.
C、 4.5 years.