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A bond sold one month ago for $990. The bond is worth $930 in today's market. Assuming no changes in risk, which one of
A bond sold one month ago for $990. The bond is worth $930 in today's market. Assuming no changes in risk, which one of the following is true? Interest rates must be higher now than they were one month ago. The coupon payment of the bond must have decreased. The face value of the bond must be $990. The bond's current yield has decreased from one month ago.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
