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1-A 10-year bond is issued with a face value of $1,000, paying interest of $60 a year. If the yield to maturity increases shortly after

1-A 10-year bond is issued with a face value of $1,000, paying interest of $60 a year. If the yield to maturity increases shortly after the T-bond is issued, what happens to the bonds?

Coupon rate?

Price?

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