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A corporate bond is sold for $ 1 , 0 0 0 ( par value ) with a 6 % coupon. Shortly thereafter interest rates

A corporate bond is sold for $1,000(par value) with a 6% coupon. Shortly thereafter interest rates in the economy (the nominal rate of interest) increases to 8% due to inflation worries. Given this scenario (all other things being equal), which of the following bond valuations for this bond in the secondary market would most likely happen
$1,000
$1,080
$1,196
None of the above would happen
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