Edith Wharton's The Age of Innocence earned her the first Pulitzer Prize for literature awarded to a woman. Published in 1920 but set in 1870s New York, the novel explores the labyrinth of high society in America's Gilded Age. The novel depicts the doomed marriage of Newland Archer and May Welland.
You Sell Your Bond Before It Matures & Interest Rates have gone down. You buy a 10 year U.S. Treasury Note with a face value of $1,000 and an interest rate of 4.26%. If you sell your bond before it matures and interest rates have dropped 2%, you will receive $1,118.54 (plus any interest paid before the sale).
If interest rates decline, the price of a bond goes up, and if interest rates rise, the price of a bond declines. Second, bonds with longer maturities incur significantly higher interest rate risk than those with shorter maturities.or example, for the 30-year bond, if interest rates go up by 100 basis points, the price of the bond declines by 11.3%. But if interest rates decline by 100 basis points, the price of the same bond goes up by 13.8%. Similarly, if interest rates go up by 200 basis points, the price of the 30-year bond declines by 20.6%.