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A 1 5 - year, 6 percent coupon bond pays interest annually. The bond has a face value of $ 1 , 0 0 0
A year, percent coupon bond pays interest annually. The bond has a face value of $ What is the change in the price of this bond if the market yield to maturity rises to percent from the current rate of percent? Group of answer choices $ decrease $ decrease $ increase $decrease $ increase
A year, percent coupon bond pays interest annually. The bond has a face value of $ What is the change in the price of this bond if the market yield to maturity rises to percent from the current rate of percent?
Group of answer choices
$ decrease
$ decrease
$ increase
$decrease
$ increase
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