An investor purchased the following five bonds Each of them had an 8 percent yield to maturity on the purchase day Immediately after she purchased them interest rates fell and each then had a new?

If interest rates fell after the investor purchased the bonds, the market value of each bond would likely increase. This is because existing bonds with a higher yield (8 percent) become more attractive compared to new bonds issued at lower rates, leading to increased demand and prices for the existing bonds. The investor could potentially realize a capital gain if she decided to sell the bonds at this new, higher market value.