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666338888888 Finance 788 Boads X and Y both pay $90 coupon year per and $1,000 when they mature in and 20 yeaurs io. respectively. The

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666338888888 Finance 788 Boads X and Y both pay $90 coupon year per and $1,000 when they mature in and 20 yeaurs io. respectively. The required rate of return is 80% for both of then. The Federal Reserve just cannounced a 20% increase of interest rate across the board. What effect does the announcement have on the prices of Bonds X and Y ? x has higher o% decrease in its price than Y Y has a higher % drecrease in its price than x has a higher % increase in it's price than Y Y has a higher % increase in it price than y Wo effect of prices since both X and Y are already on the market

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