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A bond has a face value of R 1 0 0 0 and pays half - yearly coupons at the rate of 9 % per
A bond has a face value of R and pays halfyearly coupons at the rate of per annum. A coupon payment has just been made and the bond has ten yearstomaturity. If interest rates in the market increase from to per annum, what will happen to the price of the bond? Choose the correct option.
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