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A $1,000 face value bond was issued on January 1, 2019 at face value. The market rate increased between January 1, 2019, and June 30,

A $1,000 face value bond was issued on January 1, 2019 at face value. The market rate increased between January 1, 2019, and June 30, 2019. What is the likely market price of the bond on June 30, 2019? Group of answer choices

$1,100

$1,000

$990

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