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A bond with no expiration has an original price of $28,000 and a fixed annual interest payment of $1400.If the price of this bond decreases

Abondwith no expiration has an original price of $28,000 and a fixed annual interest payment of $1400.If the price of this bond decreases by $8000, theinterest rate in effectwill:

A.Decrease by 3 percentage points

B.Increase by 2 percentage points

C.Increase by 1.5 percentage points

D.Decrease by 1.25 percentage points

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