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An investor purchases an eight - year, 6 . 4 % annual coupon eurobond priced at par ( settlement: 1 5 June 2 0 3

An investor purchases an eight-year, 6.4% annual coupon eurobond priced at par (settlement: 15 June 2031; maturity: 15 December 2039) and sells it after six years. Assuming interest rates rise by 100 bps immediately after purchase, the investors rate of return at the end of six years is:
A.lower than 6.4%.
B.equal to 6.4%.
C.higher than 6.4%.

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