What is the Market Interest Rates and Bond Prices Relationship?

-Inversely Proportional. As One Rises, the Other Falls -As the Interest Rates Rise, Bond Prices will fall -If the Bond had a Nominal Value of $100, and had a Coupon of $5, and if Interest Rates were 8% - Find the Market Price of the Bond. -The Yield would be Coupon/Market Price so Market Price = Coupon/Yield -->$5/8 x100 - $62.50 -That is what you expect, considering Interest Rates have Risen