Question
A bond has a coupon rate of 8%. What happens to the coupon rate if interest rates change from 9% to 10%? A. The coupon
A bond has a coupon rate of 8%. What happens to the coupon rate if interest rates change from 9% to 10%?
A. The coupon rate increases to 10%.
B. The coupon rate remains at 8%.
C. The coupon rate decreases at 7%.
D. The coupon rate increases to 9%.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
