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3 Suppose you bought a bond last year for $12,000 with an annual coupon rate of 4%. This year, interest rates have risen to 6%.

3 Suppose you bought a bond last year for $12,000 with an annual coupon rate of 4%. This year, interest rates have risen to 6%. If you wanted to sell your bond in the open market, what would it be worth? O$12,000 O$10,000 O $8,000 O$14.000 $16.000 L 2

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