Explain what happens to the price of a fixed-rate bond if (1) interest rates rise above the
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Explain what happens to the price of a fixed-rate bond if (1) interest rates rise above the bond’s coupon rate or (2) interest rates fall below the bond’s coupon rate.
Why do the prices of fixed-rate bonds fall if expectations for inflation rise?
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Related Book For 
Corporate Finance A Focused Approach
ISBN: 9780324180350
1st Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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