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A 1 0 - year Treasury bond pays 4 % interest semi - annually and has a par value of $ 1 , 0 0
A year Treasury bond pays interest semiannually and has a par value of $ The yield to maturity is If the yield to maturity declines to what will happen to the market price of the bond?
Group of answer choices
Price decreases by $
Price decreases by $
Price increases by $
Price increases by $
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