For a Ten-Year $1,000,000-Face-Value Zero-Coupon Treasury Bond, How Does Its

Multiple Choice

For a ten-year $1,000,000-face-value zero-coupon Treasury bond, how does its market price change when the interest rate goes from 6.84% to 6.92%?

A) A fall of $1192
B) A fall of $3848
C) A fall of $8000
D) A rise of $8000