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A corporation has issued bonds at par with 1 2 years maturity on which interest is paid annually. The bonds have a $ 1 ,
A corporation has issued bonds at par with years maturity on which interest is paid annually. The bonds have a $ par value and the coupon interest rate is What will be the price of these bonds if the yield to maturity on comparable bonds rises to
a $
b $
c $
d None of the above.
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