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9. Jacob was contemplating buying the 4% bonds of Apple Inc. which were selling at 94. Due to sudden spread of COVID-19, the market collapsed,

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9. Jacob was contemplating buying the 4% bonds of Apple Inc. which were selling at 94. Due to sudden spread of COVID-19, the market collapsed, and industry returns were dropped to half. How it will impact the bond equivalent yield of the bonds offered by Apple Inc.? A. Increase B. Decrease C. No impact D. Not enough information to decide

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