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2. Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8% to 7% the

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2. Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8% to 7% the bond's price will: A. increase by $26.24. B. decrease by $51.54. C. increase by $53.46. D. decrease by $53.46

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