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96. Suppose you buy a $5,000 bond. The coupon rate is 4%. Next year interest rates fall to 3%. What I will your bond be

96. Suppose you buy a $5,000 bond. The coupon rate is 4%. Next year interest rates fall to 3%. What I will your bond be worth? That is, if you wanted to sell it in the open market, what could you sell it for its price? a $6,667 $5,150 $5,000 d) $4,050 e) $150 rise to 5%

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