Valuing Bonds A 30-year gilt is issued with face value of 100, paying interest of 20 per
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Valuing Bonds A 30-year gilt is issued with face value of £100, paying interest of £20 per year. If market yields increase shortly after the bond is issued, what happens to the:
(a) Coupon rate
(b) Price
(c) Yield to maturity
(d) Current yield?
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