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3-A bond pays 8% coupon rale; the current marked interest rates are 6%. what do you expect the price of this bond to be? a)

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3-A bond pays 8% coupon rale; the current marked interest rates are 6%. what do you expect the price of this bond to be? a) The bond price should be more titan par b) The bond price should be less than par c) The bond price should be equal to par d) The bond price should be zero e) This bund should not exist at all

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