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1. What happens to the price of a 3-year bond (with par value $1,000) with an 8% coupon when interest rates change from 8 to
1. What happens to the price of a 3-year bond (with par value $1,000) with an 8% coupon when interest rates change from 8 to 6%? OD. A price decrease of $53.47 OC.A price increase of $53.47 OB.A price decrease of $51.54 O A.A price increase of $51.54
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
