A 30-year Treasury bond is issued with par value of $1,000, paying interest of $80 per year.

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A 30-year Treasury bond is issued with par value of $1,000, paying interest of

$80 per year. If market yields increase shortly after the T-bond is issued, what happens to the bond’s:

a. coupon rate

b. price

c. yield to maturity

d. current yield

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