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A 10-year bond is issued with a face value of $1,000, paying interest of $60 a year. If the yield to maturity increases shortly after
A 10-year bond is issued with a face value of $1,000, paying interest of $60 a year. If the yield to maturity increases shortly after the T-bond is issued, what happens to the bonds?
- Coupon rate?
- Price?
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
