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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 R1000 and pays half-yearly coupons at the rate of 9% per annum. A coupon payment has just been made and the bond has ten yearsto-maturity. If interest rates in the market increase from 9% to 10% per annum, what will happen to the price of the bond? Choose the correct option.

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